Binance Maintained XRP Trading despite U.S. Legal Troubles
Binance founder Changpeng Zhao clarified that Binance.com never stopped trading XRP, despite the U.S.SEC lawsuit against Ripple. Many U.S. exchanges delisted XRP, but Binance’s global platform continued to support it.
The distinction between Binance.com and Binance.US shows how U.S. regulations affected regional actions. While Binance.US suspended XRP trading in January 2021, the global platform kept it listed. this move provided crucial liquidity during the legal uncertainty.
Following the SEC’s lawsuit in December 2020, major U.S. exchanges like coinbase and Crypto.com removed the token. The SEC claimed Ripple had an unregistered securities sale,causing uncertainty. Binance’s decision helped XRP maintain market access.
with Ripple’s legal battle nearing resolution, XRP is regaining listings. Zhao’s comment highlights Binance’s consistent backing of XRP. An analyst confirmed Binance.com never delisted XRP, only Binance.US did so in January 2021. The legal battle created doubts about XRP’s status. Coinbase, Crypto.com, and others delisted XRP. Though,Binance’s support was vital. XRP’s short-term performance is mixed, but it has seen yearly gains of 361.1%. Binance.US has relisted XRP after favorable court rulings. the legal resolution removes barriers to trading on major U.S. platforms.
- Binance.com never delisted XRP.
- Binance.US relisted XRP after favorable court rulings.
- XRP shows recovery from the litigation period.
Regulatory pressures forced U.S. exchanges to act. Binance’s stance underscores its global backing. The token’s recovery shows the impact of Binance’s support.The legal resolution removes trading barriers.
Major exchanges fled amid regulatory uncertainty. OKCoin, Blockchain.com, and Bittrex also suspended trading. Binance’s global platform provided crucial liquidity. The legal resolution removes the primary barrier to trading.
Zhao’s clarification distinguishes between the global and U.S. platforms. Binance’s decision helped maintain market access. XRP’s legal status was unclear, leading to delistings.
As Ripple’s legal battle nears resolution, XRP is regaining listings. Binance’s support during the legal drama was significant. The token’s yearly gains reflect its resilience. Binance’s actions highlight the platform’s commitment. The exchange’s stance during the legal drama was crucial. XRP’s recovery shows the importance of Binance’s support. The token’s performance reflects the industry’s challenges. Binance’s actions during the legal drama were key. The token’s recovery shows the impact of Binance’s stance. The exchange’s actions helped maintain market access.The legal resolution removes the main barrier to trading. Binance’s consistent backing was vital for XRP’s survival. The exchange’s role in maintaining XRP trading was essential. the token’s recovery highlights the exchange’s role in the crypto market.
