1. BITBILIHome
  2. Article

Binance.US lists Ripple’s XRP token following court ruling

• 34 views

TL;DR Breakdown

  • Binance.US relists Ripple’s XRP token after a court ruling on its non-security status.
  • Other major exchanges, including Coinbase and Gemini, also announce the re-listing of XRP.
  • The court ruling brings hope to XRP investors and sparks cryptocurrency regulations and securities classification discussions.

Description

Binance.US, the U.S. subsidiary of the world’s largest crypto exchange by volume, Binance, has announced the relisting of Ripple‘s XRP token in a significant development for the cryptocurrency market. Also, this decision comes on the heels of a recent U.S. federal court ruling that deemed the secondary sales of XRP on exchanges as non-securities. Binance.US … Read more

Binance.US, the U.S. subsidiary of the world’s largest crypto exchange by volume, Binance, has announced the relisting of Ripple‘s XRP token in a significant development for the cryptocurrency market. Also, this decision comes on the heels of a recent U.S. federal court ruling that deemed the secondary sales of XRP on exchanges as non-securities. Binance.US joined other major crypto exchanges, such as Coinbase, Kraken, and Bitstamp, which have already re-listed XRP on their platforms.

With the relisting of XRP on Binance.US, crypto investors can now trade the token, along with the option to deposit and withdraw XRP on the exchange. This development brings renewed opportunities for investors and enthusiasts of the XRP cryptocurrency.

The relisting decision by Binance.US follows a turbulent period for XRP. Previously, Binance.US had delisted XRP shortly after the U.S. Securities and Exchange Commission (SEC) sued Ripple, the parent company of XRP, alleging that it had sold XRP as an unregistered security. However, it is important to note that Binance as a whole continued to support XRP trading during this period.

Crypto industry reacts to ruling

This recent victory in a three-year legal battle between Ripple and the SEC has prompted a resurgence of XRP on various exchanges. Coinbase, for instance, announced that it would allow trading of the asset once again after delisting it. Gemini, another major crypto exchange, revealed its intention to explore the listing of XRP for both spot and derivatives trading. Additionally, Crypto.com announced the listing of XRP on its platform, enabling users to trade the token against multiple fiat currencies, including USD, EUR, and GBP.

The court ruling in favor of Ripple is of considerable significance, as it dispels concerns regarding XRP’s classification as a security. The ruling covers various aspects, including sales on exchanges, sales by executives, and other XRP distributions to developers, charities, and employees. Following this news, XRP experienced a significant price surge, with CoinMarketCap reporting a 68% increase to $0.79 per token. The ruling has not only given hope to XRP investors but has also sparked discussions about the potential non-security status of other cryptocurrencies.

Binance.US has scheduled the opening of trading on the XRP/USDT advanced trading pair for July 14, 2023, at 6:00 a.m. PDT or 9:00 a.m. EDT. This move allows users to participate in the XRP market and capitalize on the growing interest and demand for the cryptocurrency.

The relisting of Ripple’s XRP on Binance.US and other major exchanges following the court ruling marks a significant milestone for the cryptocurrency market. NonethThe decision has reinvigorated the XRP community and reignited discussions about regulatory frameworks

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Binance.US lists Ripple’s XRP token following court ruling

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月15日 22:23
Next 2023年7月15日 23:14

Related articles

  • Grayscale BTC Trust discount hits historical lows since May 2022

    TL;DR Breakdown Digital asset manager Grayscale has filed a letter in its lawsuit against the SEC over the rejection of a spot BTC ETF. Grayscale states that the Volatility Shares ETF exposes investors to an “even riskier investment product” than BTC futures ETFs. Grayscale Bitcoin Trust’s (GBTC) net asset value (NAV) continues to narrow to the lowest level since May 2022. Description In the wake of asset manager BlackRock’s (BLK) application to launch a spot bitcoin ETF in the United States, the discount to the Grayscale Bitcoin Trust’s (GBTC) net asset value (NAV) continues to narrow. Concurrently, Grayscale has filed a letter in its litigation against the United States Securities and Exchange Commission (SEC) regarding the rejection … Read more In the wake of asset manager BlackRock’s (BLK) application to launch a spot bitcoin ETF in the United States, the discount to the Grayscale Bitcoin Trust’s (GBTC) net asset value (NAV) continues to narrow. Concurrently, Grayscale has filed a letter in its litigation against the United States Securities and Exchange Commission (SEC) regarding the rejection of a spot Bitcoin exchange-traded…

    Article 2023年7月11日

  • The US economy is way stronger than Europe’s – Why?

    TL;DR Breakdown The U.S. economy is growing much faster than Europe’s, making it one-third larger and increasingly dominant in technology, energy, and capital markets. The lack of top-ranking universities, dwindling semiconductor production, and higher energy costs hinder the region’s competitiveness. Description The scales of economic power and dynamism have tipped overwhelmingly in favor of the United States, leaving Europe grappling with a widening gap. This imbalance is significantly affecting relative living standards and Europe’s pursuit of “strategic autonomy” as it grows more reliant on the U.S for technology, energy, capital, and military protection. America’s meteoric rise: … Read more The scales of economic power and dynamism have tipped overwhelmingly in favor of the United States, leaving Europe grappling with a widening gap. This imbalance is significantly affecting relative living standards and Europe’s pursuit of “strategic autonomy” as it grows more reliant on the U.S for technology, energy, capital, and military protection. America’s meteoric rise: A tale of two economies Rewind to 2008, the American and European economies were playing on a level field. However, the trajectory of economic fortunes for…

    Article 2023年6月21日

  • Bitcoin dominance jumps above 50% as market cap enters $1.1 trillion

    TL;DR Breakdown Bitcoin’s dominance has jumped above 50% for the first time in 2 years as its market cap enters $1.1 trillion. Analysts consider factors that affect Bitcoin’s market dominance. Description Bitcoin, the leading cryptocurrency, has crossed a significant milestone as its dominance in the overall crypto market cap exceeded 50%. According to TradingView data, on June 19 at 6 pm UTC, The asset’s dominance reached just above 50%, settling at 49.9% at the time of publication. This means that the asset alone accounts for half … Read more Bitcoin, the leading cryptocurrency, has crossed a significant milestone as its dominance in the overall crypto market cap exceeded 50%. According to TradingView data, on June 19 at 6 pm UTC, The asset’s dominance reached just above 50%, settling at 49.9% at the time of publication. This means that the asset alone accounts for half of the total market capitalization of the crypto market, which currently stands at $1.1 trillion. Its market capitalization is estimated at $519 billion, as per Coingecko. Bitcoins dominance rises by 10.5% in eight months Over the…

    Article 2023年6月23日

  • Coinbase empowers the crypto world with groundbreaking advocacy group

    TL;DR Breakdown Coinbase introduces the nonprofit Stand With Crypto Alliance for pro-crypto regulations. The exchange faces legal challenges but garners notable support for clear regulations. The Alliance aims to empower the public, advocating for protective crypto laws. Description Leading crypto exchange Coinbase has taken an innovative leap forward by introducing a novel nonprofit venture to champion pro-crypto regulations on a global scale. The newly-established Stand With Crypto Alliance, spearheaded by the leading exchange, aims to drive legislative measures in the U.S. that are beneficial for the broader crypto industry, fostering both innovation and … Read more Leading crypto exchange Coinbase has taken an innovative leap forward by introducing a novel nonprofit venture to champion pro-crypto regulations on a global scale. The newly-established Stand With Crypto Alliance, spearheaded by the leading exchange, aims to drive legislative measures in the U.S. that are beneficial for the broader crypto industry, fostering both innovation and access. Operating under the 501(c)(4) status from the Internal Revenue Service, this Alliance stands as a beacon for social welfare. During a Twitter Spaces dialogue, Kara Calvert, who heads…

    Article 2023年8月15日

  • Linda Yaccarino begins Twitter CEO journey

    TL;DR Breakdown Linda Yaccarino, former advertising chief at NBCUniversal, started her role as Twitter’s CEO. Her primary task is to revive Twitter’s falling ad revenue. Former NBCUniversal executive Joe Benarroch also joined Twitter, adding his communication strategy expertise to the team. Stepping into the world of 280 characters, Linda Yaccarino has commenced her tenure as the new Chief Executive Officer of Twitter. The announcement of her appointment, made by tech billionaire Elon Musk, came as a surprise last month. Now, the ex-advertising chief of NBCUniversal is ready to take on the challenges at Twitter, a platform wrestling with dwindling ad revenues. Yaccarino’s background and Twitter’s challenge Possessing a wealth of experience from her time as NBCUniversal’s advertising chief, Yaccarino has her work cut out at Twitter. The platform has been contending with a steep decline in ad revenue, a problem that needs an immediate and effective solution. The social media giant, with its 330 million active users, is hoping that Yaccarino’s expertise can be leveraged to invigorate their ad revenue stream and regain the financial footing it once boasted. The…

    Article 2023年6月11日
TOP