Altcoins May 31, 2018 Daily Hodl Staff

Binance Expands Trading Options for Stellar (XLM), Ripple (XRP), IOTA and EOS

Binance is expanding the number of trading pairs on its platform at a rapid rate.

Last week, the leading cryptocurrency exchange paired EOS with Tether (USDT) and Binance Coin (BNB).

Today, it announced the addition of a Ripple to Binance Coin (BNB) pair, and also pegged Stellar (XLM) to Tether, IOTA to Tether, and TrueUSD to Tether.

Here’s a look at all of the new pairs Binance has added in recent weeks:

• XRP/BNB
• TUSD/USDT
• XLM/USDT
• IOTA/USDT
• EOS/USDT
• EOS/BNB
• XRP/USDT
• ADA/USDT
• ADA/BNB
• QLC/BNB
• QTUM/BNB
• QTUM/USDT

The pairing of TUSD/USDT is an eye-popper, pairing the leading stable coin with an up-and-coming stable coin. Stable coins are designed to be pegged to the dollar to offer traders a reliable way to opt out of market volatility.

Tether remains a controversial coin in the cryptocurrency space, and has produced millions of tokens without definitive proof that they are backed by the US dollar.

The trading fees on Binance remain at 0.1% of the total amount of the transaction. If you use Binance Coin (BNB) for transaction fees, that number is reduced to 0.05%.

Update: This article has been changed to reflect trading fees with Binance Coin (BNB) at 0.05%