u.today
Binance US, the local arm of cryptocurrency trading behemoth Binance, has announced that the $XRP/USD pair is now available for trading.
Due to the SEC lawsuit against Ripple, the cryptocurrency trading platform moved to suspend $XRP trading in early 2021 in lockstep with the vast majority of other leading US-based exchanges of the likes of Coinbase, Crypto.com, Bittrex, and so on.
The exchange brought back $XRP trading in July 2023 after Ripple secured a major legal win against the SEC, with the court determining that secondary $XRP sales were not securities. Kraken, Bitstamp Gemini, and Coinbase also moved to enable $XRP trading.
However, prior to the recent addition, only the $XRP/USDT pair was available on the Binance.US exchange.
Apart from Binacne.US, the list of exchanges that offer $XRP/USD pairs includes Coinbase, Kraken, Bitfinex, Crypto.com, and so on. The Coinbase pair has the biggest daily trading volume of roughly $385 million, according to CoinMarketCap data.