Binance, the world’s most popular exchange according to CoinMarketCap data, has announced the addition of new Australian dollar (AUD) pairs and various stablecoin trading pairs, with XRP being paired to the Australian dollar.
According to an announcement, Binance will open trading for multiple trading pairs as follows:
- USDT/BKRW, BUSD/BKRW, IOTA/BUSD & MANA/USDT will open for trading at 2020/08/06 10:00 AM (UTC).
- XRP/AUD, BNB/AUD & AUD/USDT will open for trading at 2020/08/07 2:00 AM (UTC).
XRP is already paired with various fiat currencies on Binance: It already offers EUR/XRP (Euro), RUB/XRP (Russian Rouble), TRY/XRP (Turkish Lira) and GBP/XRP (British pound) pairs on its main platform, SGD/XRP (Singapore dollar) on Binance Singapore, and USD/XRP (United States dollar) on Binance US.
The XRP/AUD pair on Binance has been added to our fiat pairs page.
Binance and ODL
With so many fiat pairs and such high trading volumes, Binance would be an ideal ODL (On-Demand Liquidity) partner exchange for Ripple. It was only a few weeks ago that Catherine Coley (Binance.US CEO and former Ripple employee) answered that “the ball is in Ripple’s court” when asked about a potential ODL partnership.
Binance CEO Changpeng Zhao (CZ) also suggested a Ripple partnership was possible back in February 2019 while answering a relevant question in an AMA. CZ stated that “nothing going on right now (with Ripple), but in the future will definitely want to add them as a partner“.