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21 February 2020

Binance Adds XRP-Pegged Token to Its Decentralized Exchange

Binance Adds XRP-Pegged Token to Its Decentralized Exchange


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Binance, the world’s top cryptocurrency exchange by volume, announced Thursday the issuance of the second cryptocurrency ever onto its affiliated decentralized exchange (DEX), Binance Chain.

“All XRP issued on Binance Chain will be backed 1:1 by native XRP sitting in a publicly disclosed address that can be monitored by anyone at all times,” Binance CEO Changpeng Zhao (CZ) said in a statement.

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