Ripple (XRP) overtook BNB in the ranking of top altcoins! Now in fourth place
A significant event has occurred in the cryptocurrency market: $XRP has surpassed Binance’s native token $BNB in market capitalization, becoming the fourth-largest cryptocurrency.
At the time of writing, $XRP’s market capitalization is about $93 billion, while $BNB’s market capitalization is approximately $91 billion.
This surge is particularly notable following Ripple’s recent steps to expand its global payment network.
Ripple announced plans to apply for a payment license in Brazil to strengthen its presence in Latin America. The company also intends to obtain a financial services license in Australia. These steps are expected to help build a comprehensive payment platform in the region.
Ripple’s activity in Brazil is not new. The company has been gradually expanding its services in the country for many years. It currently serves financial institutions such as Banco Genial and Braza Bank, offering same-day USD payments, cross-border transfers, and settlement services using its USD-backed stablecoin RLUSD.
The growth of $XRP is not limited to spot price. According to CoinGlass, open interest in XRP futures has increased by 33% over the past two weeks, reaching $2.82 billion.
See also: "Bitcoin today: stable around $74K ahead of the Fed decision"
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