Binance’s CEO trolls Ripple fans
Binance’s CEO trolls Ripple fans

Binance’s CEO trolls Ripple fans

By Adrian Zmudzinski - 19 Nov 2018

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binance ceo trolls ripple fans

“The xrp base shill is strong,” says in a tweet Changpeng “CZ” Zhao, CEO of Binance, one of the largest cryptocurrency exchanges.

“Let’s get it out of your system, and put all your shills under this one tweet, and let’s see how much we get”, he added, making fun of the XRP community.

Many of the replies from Twitter users have been ironic, but many have also suggested using XRP as the default currency on the exchange, some claiming that it would also help the exchange to increase its revenue.

“CZ, the amount of money Binance will make with XRP as a base pair will be staggering”, says a user who seems to take it for granted that this should be the future of the exchange and then adds:

“The hype is real because the technology is sound. And I mean…come on, you’ve listed the 1st & 3rd currency as base pairs, why not the 2nd largest coin on the market?”.

The latter is a reference to the apparent consolidation of Ripple as the second cryptocurrency for capitalization, a position which was held by Ethereum until now.

According to data on CoinMarketCap, in fact, the gap has increased to reach about three billion dollars at the time of writing the article.

XRP as default currency for trading

Using Ripple as the default currency is not unprecedented.

An example is DCEX, the exchange launched in August by AlphaPoint that is the first to use only XRP for this purpose.

This October, however, the launch of XRP United was announced, an Estonian exchange with pairs XRP/BTC, XRP/ETH, XRP/BCH with declared intentions to add XRP/XMR.

In the last 24 hours, Ripple lost almost 7% of the value following the general market movement that saw in red the first five cryptocurrencies for market cap.

binance ceo trolls ripple fans

Adrian Zmudzinski
Adrian Zmudzinski

Adrian is passionate about technology and Information Technology (IT). Adrian specialized in the analysis of tokens, the blockchain technology, and cryptocurrencies. His interest in Bitcoin dates back to 2009 and it rapidly transformed into a more general interest of the still arising cryptocurrency industry. His analyses are concerned mostly by the technological potential underlying the analyzed token.

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