XRP issuance and listing trading platforms at a glance

Despite an ongoing lawsuit from the SEC, XRP remains actively traded on major exchanges due to its perceived utility for cross-border payments and its large community support.

Oct 04, 2024 at 08:12 am

1. XRP Issuance

2012: Ripple Labs creates XRP as a digital asset for facilitating cross-border payments.
2018: Ripple Labs faces a lawsuit from the U.S. Securities and Exchange Commission (SEC) accusing XRP as an unregistered security.

2. XRP Listing on Trading Platforms

Top 5 Exchanges by XRP Trading Volume (as of June 2023)

Binance
Coinbase
Huobi Global
Kraken
Bitstamp

Other Notable Exchanges Listing XRP:

FTX
Bittrex
Poloniex
Gate.io
KuCoin
Uniswap
Sushiswap
1inch

3. Platform Specific Considerations

Binance: Supports both spot and margin trading of XRP.
Coinbase: Lists XRP only for spot trading within certain jurisdictions.
Huobi Global: Offers leveraged trading options for XRP.
Kraken: Provides advanced order types and charting tools for XRP trading.
Bitstamp: Known for its high security and liquidity for XRP pairs.

4. Recent Developments

The SEC lawsuit filed in 2018 is still ongoing, impacting the regulatory status of XRP.
Despite the lawsuit, XRP remains actively traded on major exchanges due to its perceived utility for cross-border payments and its large community support.
Ripple Labs has continued to develop the underlying technology behind XRP, including the RippleNet platform for facilitating global payments.

5. Notes

XRP is a decentralized digital asset, but its issuance and distribution were initially controlled by Ripple Labs.
The trading availability and regulatory status of XRP may vary across different jurisdictions.
It is important to conduct due diligence and research before trading any cryptocurrency, including XRP.

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