Binance.US Responds To Ripple’s Crazy With US Major Exchanges

Key Points:

• Major crypto exchanges, including Binance.US, decided to relist or consider relisting XRP, the digital asset associated with Ripple.
• This follows a significant legal ruling that clarified XRP sales to institutional investors were not unregistered securities.
• The relisting signals increased accessibility for XRP traders and renewed confidence in its regulatory compliance, bringing optimism to Ripple and its community.

In a significant turn of events, several prominent cryptocurrency exchanges have made the decision to reintroduce or consider relisting XRP, the digital asset associated with Ripple. Binance.US also followed the enthusiasm that came from the Ripple event.

Binance.US, a prominent US cryptocurrency exchange, has announced the listing of XRP on its platform. Users can now make deposits of XRP, and trading for the XRP/USDT Advanced Trading pair will commence on July 14, 2023, at 6 a.m. PDT / 9 a.m. EDT. This development provides increased accessibility and trading options for XRP enthusiasts and investors on Binance.US.

This move marks a pivotal moment for XRP, rekindling optimism about its regulatory status and reestablishing its presence in the market.

Coinbase, Kraken, Crypto.com, and Bitstamp are among the platforms that have responded to a momentous ruling in the protracted legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC).

The relisting decision follows the widely followed lawsuit initiated by the SEC in December 2020, alleging that Ripple’s XRP token constituted an unregistered security. In response, numerous exchanges took the precautionary step of delisting XRP to ensure compliance with regulatory requirements. However, Ripple chose to take a defiant stance and contested the lawsuit, allocating substantial resources to defend its case.

The recent ruling by Judge Analisa Torres has injected new energy into the XRP ecosystem. The court’s decision clarified that XRP sales to institutional investors, distinct from the broader retail market, did not qualify as the sale of unregistered securities. This pivotal interpretation has generated renewed enthusiasm for XRP, igniting a remarkable surge in its price by almost 100% since the ruling was announced.

The relisting of XRP on major exchanges represents more than just a return to the trading scene. It serves as a powerful endorsement of the increasing confidence in the regulatory compliance of the token. The decision not only restores accessibility and trading opportunities for XRP enthusiasts but also showcases the industry’s evolving understanding of the legal intricacies surrounding cryptocurrencies.

As the crypto landscape continues to evolve, the resurgence of XRP highlights the potential for further legal developments and regulatory clarity. The reintroduction of XRP on these prominent exchanges signifies a significant milestone for the token and signals a renewed sense of optimism for Ripple and its community. The journey toward mainstream acceptance of digital assets takes another stride forward with this important legal milestone in the XRP saga.

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