US crypto exchanges, including Coinbase, Gemini, and Kraken, immediately announced they would offer XRP again following Ripple’s historic win against the US Securities and Exchange Commission (SEC). Crypto exchanges Binance.US and Crypto.com have also announced that they will be offering XRP again. Ripple’s XRP price is up 87% in the last 24 hours.
BinanceUS and Crypto.com Announce XRP Listing
BinanceUS announced on July 14 that XRP is once again being offered on the crypto exchange and that deposits for XRP are live. Trading on the XRP/USDT advanced trading pair opens today at 06:00 PDT / 09:00 EDT. Binance’s US arm also took to Twitter announcing the re-offering to the wider crypto community.
“Ripple XRP aims to enable fast and frictionless transfers of value and provide institutions with a solution for cross-border transactions.”
Trading in the XRP/USDT pair begins on 7/14 at 9am ET.@Ripple XRP aims to enable fast and low-friction value transfers and provide institutions with a solution for cross-border transactions.
More information: 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 offer XRP again, saying “Fortune has Favor the brave!”
The exchange in one tweet on July 14, users will be able to trade XRP with USD, EUR, GPB and more than 20 fiat currencies, with deposits and withdrawals already open. Kris Marszalek, CEO of Crypto.com, also took to Twitter to reach out to the community.
$XRP has been re-recorded 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 victory against the US SEC
The ruling of the Southern District Court of New York that XRP is not a security caused the XRP price to skyrocket by 60% within hours. The court said the programmatic sale of Ripple’s XRP and other distributions did not represent the sale of investment contracts. However, institutional sales of XRP are considered investment contracts and violate securities laws.
XRP price is currently trading at $0.78. The 24-hour low and high are at $0.47 and $0.88 respectively, this XRP price is up 87% in the last 24 hours. In addition, the trading volume has increased by 1700% in 24 hours and the market cap by 66%.
Whale trades on the XRP network have peaked in 2023 by a wide margin. In the past 24 hours, the XRP network has recorded 637 whale crossings worth more than $100,000 and more.
Varinder has 10 years of experience in the Fintech sector, with more than 5 years dedicated to blockchain, crypto and Web3 developments. A technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in more than 5,000 news stories, articles and newspapers. With CoinGape Media, Varinder believes in the enormous potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
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This post BinanceUS, Crypto.com Join Coinbase and Others to Re-Offer XRP, Price Surges 87%
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