Weiss Ratings Sees Ripple’s XRP as the Ideal Base Cryptocurrency for Binance

Weiss Ratings, an independent rating firm for stocks, mutual funds, cryptocurrencies, ETFs and financial institutions, stated last week that it believes Ripple’s XRP is the fastest cryptocurrency for transferring funds between exchanges, and the ideal base currency for Binance, the world’s most popular exchange.

If Binance were to make the change, it would not be the first exchange to adopt the XRP standard. AlphaPoint, a financial technology company that helps companies access the blockchain and make illiquid assets liquid, announced earlier this month that it has powered the launch of DCEX, a next-generation digital currency exchange for retail and institutional investors that is the first exchange to have XRP as its exclusive base currency.

AlphaPoint notes that XRP’s protocol enabled them to develop an exchange with strong liquidity and fast execution times for high-frequency trading that supports arbitrage among currency pairs on different exchanges.

https://sludgefeed.com/weiss-ratings-sees-xrp-as-ideal-base-cryptocurrency-for-binance/

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