Binance Shifts 61 Mln XRP After Adding XRP to Binance Futures Asset Conversion Function

XRPL Monitor has reported that the trading giant Binance has transferred 61 mln XRP, received a substantial amount from OKEx and sent a lump to Ripple

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On Twitter, XRPL Monitor shared that the top-tier exchange Binance has transferred 61 mln XRP over the last 24 hours, receiving XRP from other exchanges and sending a large portion of XRP to Ripple.

Binance wires 61 mln XRP

The major Twitter bot that tracks large XRP transactions has detected several gargantuan amounts of XRP transferred, and these transactions have mainly to do with Binance.

Binance made two wires40 mln and 7 mln XRPbetween its internal crypto wallets, totaling $11,423,999.

Binance shifted 14,029,998 XRP to Ripple, or $3,410,185. CryptoComes previously covered large lumps of XRP wired by Binance to Ripple several times, and those transfers have so far been unexplained.

The trading giant managed by Changpeng Zhao (CZ) also received 7 mln XRP from the OKEx exchange, or $1,701,447.

Image via Twitter

👉 MUST READ Ripple Shifts 20 Mln XRP from Its Extra Escrow Wallet, Wiring Half to EU ODL Corridorrelated article image

Binance Futures adds XRP to its asset conversion function

Earlier this week, Binance published a post about adding XRP and four other digital assetsincluding TRX, ETC and LTCto its asset conversion function.

This function used on Binance Futures enables traders to convert the coins they hold in the coin-margined futures wallet.

This way they will not have to withdraw coins from the wallet first, convert one coin to another and then put them back into the futures wallet.

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Yuri Molchan

Yuri entered the crypto sphere at the BTC price peak in 2017, quickly turning into a crypto enthusiast. He has written for several media, covering everything from TA to ICOs and crypto regulations. Presently is a news writer, working with crypto and blockchain-related topics.