Binance Singapore, one of Binance’s fiat-to-crypto trading platforms has announced the addition of XRP.
Binance users can now buy XRP with SGD (Singapore dollar). While there may be around a dozen other exchanges offering that pair, Binance will surely offer additional liquidity.
Let’s not forget that a week ago Binance announced its intention to launch an XRP-backed coin on Binance Chain and Binance DEX as part of the plan to create assets pegged to top cryptocurrencies announced in June.
Moreover, the company’s CEO Changpeng Zhao revealed in an AMA in February that:
“We’re focused on launching more features right now, so we are working with a number of other partners. With xRapid, there’s nothing going on right now, but in the future we’ll definitely want to add them as a partner.”
Could the latest developments be part of a broader plan that leads to Binance becoming an xRapid (now known as ODL) exchange? Time will tell.