Binance CEO speaks in support of Ripple’s XRP; takes minor credit for Coinbase listing

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XRP, the third largest cryptocurrency in the world has been pushing forward for mass adoption for a while now. The Brad Garlinghouse-led digital asset has recently announced partnerships with major financial institutions like Western Union and Euro Exim Bank to enable fast and cheap cross-border payments.

Binance’s CEO, Changpeng Zhao, who recently announced the launched of Binance DEX, has once again praised Ripple’s XRP, stating its prominence and status in the cryptocurrency sphere.

A twitter handle named afsheenjafry recently tweeted and questioned the celebration regarding XRP’s adoption, to which Changpeng Zhao responded.

The Binance CEO tweeted:

“It’s simple my friend, as I answered in a few podcasts recently, one of the best ways to identify projects with value is the user base. XRP got that. The market votes with their feet, not decentralization idealism. Increase your user base, increase adoption.”

The current week has been majorly positive for XRP as it is on a noticeable bull run, backed by the highly anticipated Coinbase exchange listing.

It was assumed that the primary reason for Coinbase’s initial refusal to list XRP was that the US’ SEC might be considering XRP to be a security asset. However, that train of thought derailed once Coinbase started offering ERC-20 tokens on its platform, most of which had raised funds via ICOs.

Moreover, since the listing of XRP, CZ and other crypto figures have been bullish on XRP. It is also worth mentioning that when Binance added XRP as a base currency, it had influenced a vast majority of XRP members, leading them to push for a Binance exchange listing.

After XRP was listed on Coinbase, CZ took to Twitter to congratulate XRP users.

He tweeted:

Source: Twitter


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Biraajmaan Tamuly

Biraajmaan is an engineering graduate who is exploring the ever-changing crypto verse while traversing his passion for cryptocurrency news writing. He is a Chelsea fan and a part-time poet and does not hold any value in cryptocurrencies yet.

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