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#Binance consistently supported XRP on its global platform, despite the prolonged legal dispute between Ripple and the US Securities and Exchange Commission (SEC). Binance’s global operations maintained the token’s liquidity and market access intact while several US-based exchanges suspended trading in XRP due to regulatory scrutiny.
Changpeng Zhao, the founder of Binance, stated, “Binance.com never delisted XRP,” emphasizing the exchange’s commitment to the asset during a time of uncertainty in the industry.
Binance’s global platform maintained uninterrupted XRP trading throughout Ripple’s SEC lawsuit, highlighting the regulatory impacts on cryptocurrency markets in contrast to the suspensions implemented by US exchanges.
Many major US exchanges delisted XRP following the SEC’s lawsuit against Ripple Labs, which alleged that the company had engaged in an unregistered securities offering.
Binance’s global platform significantly diverged from such a narrative.
The complex regulatory environment affecting cryptocurrency exchanges operating in various jurisdictions is particularly evident in the US. Changpeng Zhao publicly clarified on social media that while Binance.us suspended XRP trading to comply with US regulations in January 2021, Binance.com continued to support XRP worldwide.
This strategy helped reduce the token’s vulnerability to local legal challenges, ensuring that XRP holders outside the US had access to one of the largest liquidity pools.
Exacerbated by the SEC’s enforcement action, several prominent US exchanges chose to delist or suspend trading of the token due to the significant uncertainty surrounding XRP’s classification,
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$XRP