Binance.US Announces Relisting of XRP Following Court Decision on Security Status
Binance.US, the United States version of the popular cryptocurrency exchange Binance, has recently made a significant announcement regarding the relisting of XRP on its trading platform. This move follows a court decision that determined the security status of XRP, favouring the embattled digital token. Binance.US took to its official Twitter handle to share the news with its users, stating that trading on the XRP/USDT Advanced Trading pair will commence on July 14 at 9 a.m. ET.
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Binance.US Relists XRP Again
In the tweet, Binance.US expressed, “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.” This announcement aligns with similar moves made by several other exchanges, including Coinbase, which have also revealed their plans to relist XRP on their respective trading platforms.
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
The court ruling, declaring XRP, not a security, has had an immediate impact on the market sentiment towards the digital token. XRP has exhibited bullish behaviour since the decision was made public. As of the time of this report, XRP is trading at $0.7878, reflecting a remarkable 67% price surge in the last 24 hours, as reported by CoinMarketCap.
The relisting of XRP on Binance.US signifies a significant development for the cryptocurrency community, as it restores access to XRP trading and investment opportunities for users on the platform. This decision comes after a prolonged period of uncertainty for XRP, during which its status as security was questioned and led to its suspension on various exchanges.
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With its goal to facilitate fast and low-friction value transfers, XRP provides a potential solution for cross-border transactions, particularly for institutions. The reinstatement of XRP on Binance.US is expected to foster increased liquidity and trading activity for the digital asset.
Relisting of XRP Is A Big Catch, It Symbolizes growing recognition
It is worth noting that the relisting of XRP on Binance.US and other major exchanges underscores the growing recognition of XRP as a legitimate cryptocurrency, bolstering its position in the market. This development also highlights the importance of regulatory clarity and the impact it can have on the cryptocurrency ecosystem.
As the market continues to react to this news, cryptocurrency enthusiasts, investors, and traders eagerly await the commencement of XRP trading on Binance.US, anticipating further developments and opportunities within the digital asset landscape.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should conduct their research and seek professional advice before making any investment decisions.
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Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
