Despite regulatory pressures from the U.S. SEC, Binance maintained XRP trading on its global platform (Binance.com), distinguishing itself from U.S. exchanges like Coinbase and Crypto.com that delisted the token. This decision preserved XRP’s liquidity and market presence during a critical period.
Key Takeaways
- Binance.com never suspended XRP trading, while Binance.US delisted it in January 2021 due to SEC litigation.
- U.S. exchanges like Coinbase halted XRP trading, citing regulatory uncertainty.
- XRP has shown resilience with a 361.1% yearly gain, signaling recovery post-SEC settlement.
- Binance’s support helped XRP retain global accessibility and trading volume.
Binance’s Strategic Support for XRP
Global vs. U.S. Platform Divergence
Binance CEO Changpeng Zhao (CZ) clarified that Binance.com continued XRP trading uninterrupted, whereas Binance.US complied with U.S. regulations by delisting it. Analysts noted:
“Binance.com never delisted XRP. Only Binance.US suspended it in January 2021 after the SEC lawsuit.”
This distinction underscores Binance’s role in sustaining XRP’s market activity outside the U.S.
👉 How Binance’s strategy boosted XRP’s global reach
Regulatory Fallout for U.S. Exchanges
SEC Lawsuit and Exchange Reactions
The SEC’s December 2020 lawsuit against Ripple alleged unregistered securities sales, prompting U.S. exchanges to act:
- Coinbase: First to suspend XRP trading for U.S. users.
- Crypto.com and OKCoin: Removed XRP listings by January 2021.
This created a liquidity gap for U.S. traders but reinforced Binance’s importance as a global trading hub.
XRP’s Market Recovery
Price Performance and Future Outlook
Despite short-term dips (0.4% monthly decline), XRP surged 361.1% yearly, reflecting renewed investor confidence post-settlement. Key factors:
- Relisting on U.S. exchanges (e.g., Coinbase).
- Ripple’s expanding ecosystem and partnerships.
- Binance’s sustained liquidity support.
👉 Why XRP’s rebound matters for crypto investors
FAQ: XRP and Binance
1. Why did Binance keep XRP listed?
Binance.com operates globally, allowing it to bypass U.S. regulatory restrictions that affected Binance.US.
2. How did the SEC lawsuit impact XRP’s price?
Initial uncertainty caused volatility, but XRP rebounded after Ripple’s partial legal wins.
3. Is XRP still a good investment?
With legal clarity improving and relistings underway, analysts project long-term growth potential.
4. Which exchanges currently support XRP?
Binance.com, Kraken, and relisted U.S. platforms like Coinbase.
5. What’s next for Ripple and XRP?
Focus on institutional adoption and cross-border payment solutions could drive demand.
Conclusion
Binance’s steadfast support for XRP during regulatory turmoil highlights its influence in crypto markets. As XRP regains traction, its integration into mainstream finance appears promising. For traders, diversification and monitoring regulatory developments remain crucial.