Binance Stands Firm: CZ Confirms XRP Stayed Listed Globally Throughout SEC Lawsuit
While U.S. exchanges delisted XRP during Ripple’s legal turmoil, Binance.com’s global platform maintained support, ensuring market access and liquidity.
Binance’s Consistent Global Support for XRP
Binance founder Changpeng Zhao (CZ) clarified that Binance.com never delisted XRP during the lengthy legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC).
- While many U.S. exchanges suspended or delisted XRP after the SEC’s lawsuit, Binance’s global platform continued to list and trade the asset.
- This distinction underscores how regulatory pressures impacted only U.S.-based entities like Binance.US, which did halt XRP trading in January 2021.
U.S. Regulatory Uncertainty Prompted Delistings
Following the SEC’s December 2020 complaint accusing Ripple of unregistered securities sales, major U.S. exchanges—Coinbase, Crypto.com, OKCoin, Blockchain.com, and Bittrex—suspended or removed XRP trading for U.S. users.
- The moves reflected caution amid regulatory ambiguity about XRP’s legal status in the United States.
Binance.com’s Role in Maintaining XRP Liquidity
By continuing to list XRP on its global platform, Binance helped sustain liquidity and accessibility for the token through a period of intense legal scrutiny.
- This support played a key role in keeping XRP active on international markets even as its U.S. presence contracted.
XRP’s Performance and Legal Resolution
Despite short-term volatility—XRP dipped 0.2% in the past 24 hours and 0.4% over 30 days—the token posted a yearly gain of 361.1% as it rebounded from legal setbacks.
- Favorable court rulings and a settlement led to the relisting of XRP on Binance.US and other U.S. exchanges, signaling renewed confidence in the asset.
Binance’s decision to stand by XRP globally during the SEC lawsuit distinguished it from most competitors and provided vital stability for the token.
- As legal clarity returns, XRP’s future on major exchanges looks increasingly secure, reflecting growing resilience in the crypto industry.
