As a seasoned crypto investor with a strong background in Asian markets, I’m thrilled about Binance Japan’s decision to add an XRP/JPY trading pair. This move significantly increases accessibility and liquidity for investors like me who wish to trade Ripple against the Japanese yen, one of the most widely traded fiat currencies globally.
As a cryptocurrency market analyst, I’m excited to share that Binance Japan, a prominent Asian cryptocurrency exchange, has made an important announcement. They have introduced a new trading pair – XRP/JPY – for Ripple‘s digital token XRP against the Japanese Yen. This addition is expected to provide more liquidity and trading opportunities for users in the region.
Beginning April 30, 2024, at 5:00 p.m. (Japan time), according to Binance’s official announcement, four new trading pairs will be introduced on the platform for spot trading. These pairs are XRP/JPY, ADA/JPY, SHIB/JPY, and SOL/JPY, all denominated in Japanese yen. Additionally, trading bot services for these specific pairs will become available on the same day.
Starting from the listed XRP/JPY pair, in addition to the aforementioned Japanese yen trading pairs, users will enjoy fee-free transactions during this ongoing promotion, meaning zero costs for both those initiating trades (makers) and those completing them (takers).
As a crypto investor, I’m thrilled about the new development as this listing significantly expands the reach of both the exchange and the XRP community. It brings more convenience and flexibility to us by increasing the accessibility and liquidity when trading XRP against the Japanese yen.
Binance Japan’s addition of the XRP-JPY trading pair signifies their dedication to broadening their market offerings and addressing the varied preferences of their clientele.
As a crypto investor, I’m excited about the new opportunity to trade XRP directly against the Japanese yen with the introduction of the XRP/JPY pair. XRP is widely used around the globe, and this addition allows me to diversify my portfolio by trading one of the world’s most popular cryptocurrencies against one of the world’s most traded fiat currencies.
$1 billion worth of XRP traded in last 24 hours
Based on information from CoinMarketCap, approximately $1.06 billion in XRP were exchanged during the previous 24-hour period, marking a 14% growth.
When I penned down these words, the value of XRP had slipped by 0.72% within the last 24 hours, settling at $0.502. Should the trend persist, XRP could plummet towards the robust support level of $0.46 to $0.41. Defenders of this area are expected to put up a fierce resistance, as a breach beneath might trigger a slide to $0.35.
If the price of an asset bounces back and ends its trading day above its 50-day Simple Moving Average (SMA) at $0.584, purchasers could gain significant influence in the market.
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2024-04-30 15:44