Two of the biggest crypto exchange in the market, Binance US and Coinbase has announced they would relist XRP on their respective platforms. Binance US, a subsidiary of the global Binance exchange had previously delisted the token from its platform following the SEC lawsuit against Ripple.
Similarly, Coinbase also removed XRP from its platform as the case progressed. However, in a recent turn of events and following Ripples’ recent victory against the Securities and Exchange Commission, the two exchanges have announced that the token is now open for deposits.
Biannace US shared this update via its official website and on Twitter. According to the announcement, trading on the XRP/USDT pair will commence on July 14, 2023, at 6 a.m. PDT / 9 a.m. EDT.
Deposits are open for $XRP on #BinanceUS!
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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
Even though Binance US delisted XRP from its platform, the decision did not apply to the global exchange as XRP transactions were still offered on the platform.
Related Reading: Cardano Founder Celebrate Ripple’s Lawsuit Win Over SEC
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Coinbase celebrates Ripple win and relists XRP
Coinbase joins the general crypto community in celebrating Ripples’ victory over the SEC. In an earlier tweet, Coinbase acknowledged that a win for Ripple is a win for the industry. Also, it stated that it is also a win for a “clear rulebook,” – a motion that the company has been pursuing for a while, and finally a win for “updating the system.”
Furthermore, Coinbase also informed users that XRP is not open for trading, revoking its previous decision to delist the token from its platform.
W.
W for @ripple.
W for the industry.
W for the builders.
W for a clear rulebook.
W for updating the system.Oh, and XRP is now open for trading.
— Coinbase 🛡️ (@coinbase) July 13, 2023
XRP is making a massive comeback following its recent victory in the lawsuit between its parent company Ripple and the Securities and Exchange Commission. Following the news, the general crypto market has reacted positively as the global market cap is not up 4.84% in the last 24 hours, rising to 1.25 trillion.
Meanwhile, Crypto.com also announced that it will be relisting XRP on its platform and users can now trade the token on the app. Furthermore, users can buy XRP using USD, EUR, GBP, and 20+ fiat currencies.
Crypto.com recently launched an “XRP App Campaign” where users can win a share of US$20,000 by supporting XRP. Users can participate by trading as little as $5 worth of XRP. Learn more about the promotion here.
Ripple (XRP) price today
According to live data from CoinMarketCap, the price of XRP today is $0.7727. The price is up 63.82% in the last 24 hours. What’s more, XRP is ranked number 4 in the global crypto market with a live market cap of $40.7 billion.
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Victor Swaezy
Victor Nnamdi Igbor "Swaezy" is a crypto enthusiast and writer with over 8 experience in blogging. He is an easy person and when not working, loves to have a good time.