CZ kept XRP listed despite SEC saga
Binance did not abandon XRP throughout its legal drama with the American Commission for Securities and Exchange.
It is according to the founder of Binance, Changpeng Zhao, who clarified on X that, although many American exchanges have struck XRP in the middle of the trial of the dry against Ripple, the global binance platform has never suspended the token trade.
The distinction between Binance.com and Binance.us underlines how regulatory pressures in the United States have forced regional actions, even if international platforms have continued to support the XRP token of Ripple Labs.
With the Legal Battle of Ripple approaching the resolution and the XRP taking up the lists on American exchanges, Zhao’s comment underlines the coherent global support of the asset by Binance during a period of uncertainty on the scale of the industry.
“FWIW, Binance.com has never struck XRP,” said Zhao in response to the announcement of the CEO of Ripple Brad Garlinghouse about the deletion of cross calls.
Clarification distinguishes the world platform of Binance and Binance.us, which suspended XRP (Xrp) Exchange in January 2021 following the trial of the dry.
An analyst confirmed this distinction, noting that “Binance.com has never radiated XRP. Only Binance.us suspended it in January 2021 after the SEC trial – it is now replaced. ”
Major exchanges fled in the midst of regulatory uncertainty
Following the SEC complaint in December 2020, which said that Ripple was committed to a sale of unregistered titles, the majority of well-known American cryptocurrency exchanges have taken XRP. The regulatory action has created an uncertainty about the legal status of XRP in the United States.
Coinbase announced the suspension of XRP merchant for American customers shortly after the complaint of the dry, removing one of the largest negotiation places of XRP. Crypto.com followed by the radiation and suspension of XRP exchanges in the United States on January 19, 2021.
Okcoin has suspended XRP trading to align with the risk management decisions of other platforms. Blockchain.com has announced that it would stop the XRP trading and read it on the assets, to follow the actions of Coinbase, Binance.us and Okcoin. Bittrex removed XRP markets for American customers on January 15, 2021.
Binance’s decision to maintain XRP trade on its international platform provided crucial liquidity during legal uncertainty. Continuous support for the exchange helped XRP maintain access to the market despite the challenges posed by American regulations.
XRP (XRP) currently shows mixed short -term performance with a drop of 0.2% over 24 hours and 0.4% over 30 days. The token posted annual gains of 361.1%, showing the recovery of the litigation period.
Binance.us has since returned XRP after favorable justice decisions and the announcement of the regulation. Legal resolution removes the main obstacle to the exchange of XRP on the main American platforms.
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