BinanceUS and Crypto.com will relist XRP, following Ripple’s victory against the US SEC. Coinbase and other exchanges are also relisting XRP.
Following Ripple’s significant legal victory against the US Securities and Exchange Commission (SEC), major US crypto exchanges like Coinbase, Gemini, and Kraken have swiftly announced the relisting of XRP.
Additionally, Binance.US and Crypto.com have also confirmed their plans to relist XRP. As a result, the price of XRP has surged by an impressive 87% within the past 24 hours.
BinanceUS and Crypto.com add XRP to their listings:
On July 14, BinanceUS made an announcement that XRP is now available for trading on their platform. Users can deposit XRP and begin trading the XRP/USDT pair. The trading started at 6 AM PDT / 9 AM EDT. BinanceUS also shared the news on Twitter to inform the broader crypto community about the relisting of XRP.
Ripple’s XRP aims to make cross-border transactions easier and faster by enabling institutions to transfer value with minimal friction.
Deposits are open for $XRP on #BinanceUS!
Trading on the XRP/USDT pair begins on 7/14 at 9 a.m. ET.@Ripple XRP aims to facilitate fast and low-friction value transfers, providing institutions with a solution for cross-border transactions.
Learn more: https://t.co/G6LBemxw3U pic.twitter.com/SuDxgD7nFy
— Binance.US 🇺🇸 (@BinanceUS) July 14, 2023
Crypto.com joined other prominent crypto exchanges like Coinbase, Kraken, and Gemini in relisting XRP. They expressed their optimism with the statement “Fortune has Favored the Brave!” According to a tweet on July 14, users can now trade XRP with various fiat currencies, including USD, EUR, GBP, and over 20 others.
Deposits and withdrawals for XRP are already available. Kris Marszalek, the CEO of Crypto.com, also used Twitter to engage with the community and share the news.
$XRP has been re-listed in the US 🇺🇸
It is now available to all https://t.co/pFc4Pz9nFR users worldwide. https://t.co/nEqnJZh8Dh
— Kris | Crypto.com (@kris) July 14, 2023
XRP price surges 87% after Ripple wins lawsuit against SEC:
After the Southern District Court of New York ruled that XRP is not a security, the price of XRP soared by 60% in just a few hours. The court stated that the sales of Ripple’s XRP and other distributions were not classified as the sale of investment contracts.
However, it was noted that the institutional sale of XRP could be considered as investment contracts and might violate securities laws.
Currently, the price of XRP is $0.78, with a significant increase of 87% in the past 24 hours. The lowest price within that timeframe was $0.47, while the highest reached $0.88. In addition, trading volume has surged by 1700%, and the market capitalization has grown by 66% in the span of 24 hours.
In 2023, the XRP network has experienced a significant surge in whale transactions, surpassing previous records by a large margin. Over the past 24 hours alone, there have been 637 whale transactions on the XRP network, each valued at $100,000 or more.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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