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XRP Trading Start on Exchange Registered with U.S. Treasury Department

source-logo  thecryptobasic.com 18 March 2024 07:31, UTC

XRP has secured a notable listing on Atlantis Exchange, a crypto trading platform registered with the U.S. Department of the Treasury.

Atlantis Exchange Listing XRP

In a recent post on X, Atlantis Exchange disclosed that it included XRP among its list of supported cryptocurrencies. Specifically, XRP commenced trading on the platform on March 17 at 5:00 AM UTC, with the trading pair USDB.

$XRP to start trading at 5:00 AM, UTC, today.

Get #funds ready now.

A value increase of #100x or more seems possible.

Don't miss out!

🔥🔥🔥 https://t.co/XiqhKmciUM

— Atlantis Exchange (@Atlantis_Ex) March 17, 2024

Per the notification, the supported network for XRP deposits on Atlantis Exchange is via BNB Chain (BEP20), suggesting the platform has yet to integrate the XRP Ledger (XRPL). Notably, the platform has opened the door for XRP deposits since Wednesday, March 13.

While XRP trading commenced on March 17, Atlantis Exchange users will be able to tender their withdrawal requests three days after, specifically from March 20. The exchange also disclosed that the fee associated with trading XRP on its platform would be 0.2%.

Besides listing XRP, Atlantis Exchange has issued a daring projection for XRP’s value. In particular, the platform asserted that users could witness a 100-fold value increase amid its list of XRP, urging them not to “miss out.”

At the same time, Atlantis Exchange highlighted that XRP is a crypto asset that facilitates cross-border payments. Also, it pointed out that XRP is the native currency within XRPL, a decentralized, open-source blockchain technology capable of settling transactions within a remarkable timeframe of 3-5 seconds.

Atlantis Exchange Holds U.S. Regulation

Atlantis Exchange is a global trading platform proclaiming itself as the pioneering disruptive international exchange with cutting-edge FinTech solutions. The team asserts that the exchange is duly registered with both the U.S. Department of the Treasury and the United Nations.

Lingering Concerns about Atlantis Exchange

Meanwhile, it is worth mentioning that some crypto market participants have cast doubt about the reliability of Atlantis Exchange. Specifically, there have been accusations labeling the exchange as a scam, with users citing difficulties in withdrawing their deposited tokens. These concerns have persisted over time.

Therefore, XRP investors are advised to exercise caution should they choose to engage with the platform amid the new listing.

Recall that, As reported by The Crypto Basic, XRP is the only coin with clear legal status in the US after XRP won against the SEC. The court declared XRP as a Non-Security last year. The European Corporate Governance Institute also acknowledged XRP’s non-security status. As XRP gets legal clarity, Uphold Head of Research Says, XRP ETFs Around the Corner.