NewsletterBreaking: BinanceUS, Crypto.com Joins Coinbase and Others To Relist XRP, Price Up 87%
US crypto exchanges including Coinbase, Gemini, and Kraken immediately announced to relist XRP after Ripple’s historic win against the U.S. Securities and Exchange Commission (SEC). Crypto exchanges Binance.US and Crypto.com have also announced to relist XRP. Ripple’s XRP price has skyrocketed 87% in the past 24 hours.
BinanceUS And Crypto.com Announces XRP Listing
BinanceUS on July 14 announced that XRP is relisting on the crypto exchange and deposits for XRP are live. Trading for the XRP/USDT Advanced Trading pair will open today at 6 AM PDT / 9 AM EDT. Binance’s US arm also took to Twitter, announcing the relisting to the wider crypto community.
“Ripple XRP aims to facilitate fast and low-friction value transfers, providing institutions with a solution for cross-border transactions.”
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 also followed other major crypto exchanges such as Coinbase, Kraken, and Gemini to relist XRP, saying “Fortune has Favored the Brave!”
The exchange in a tweet on July 14 users can trade XRP with USD, EUR, GPB, and more than 20 fiat currencies, with deposits and withdrawals opened already. Crypto.com CEO Kris Marszalek also took to Twitter to reach out to the community.
$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 Skyrockets 87% After Ripple’s Win Against US SEC
The Southern District Court of New York ruling that XRP is not a security sent XRP price to skyrocket 60% within hours. The court said the programmatic sales of Ripple’s XRP and other distributions didn’t represent the sale of investment contracts. However, institutional sale of XRP is considered as investment contracts and violates securities laws.
XRP price currently trading at $0.78. The 24-hour low and high are $0.47 and $0.88, respectively, this XRP price jumped 87% in the past 24 hours. Furthermore, trading volume has increased by 1700% and market cap by 66% in 24hrs.
Whale transactions on the XRP network have hit their highest in 2023 with a wide margin. In the last 24 hours, the XRP Network has registered 637 whale transitions with a value greater than $100,000 and more.
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