Though the crypto market is bleeding in the past days, there are a lot of good things that can be said about Ripple at this point. In fact, though Ripple faced lawsuits claiming that XRP is a security, Ripple was able to regain the interest of the market when it introduced the xRapid. The xRapid is Ripple’s product that is believed that can be used to decrease the cost of cross-border transactions. It was said that it can bridge fiat and cryptos.
And because of their partnership with institutions, Ripple was able to just have minimal loses when top cryptocurrencies lost more than 10% right after the Bitcoin Cash hard fork.
Considering how Ripple is moving, Brad Garlinghouse a few days ago mentioned that regulatory clarity is imperative in order to increase digital asset and blockchain adoption. And in a recent turn of events, Binance CEO Changpeng Zhao responded regarding calls from Ripple supporters to add XRP in their exchange. On Twitter, Binance CEO has noted the strength of the XRP community. He said on a tweet that “The XRP base shill is strong. Let’s get it out of your system, and put all your shills under this one tweet, let’s see how much we get”.
Ethereum Being Listed by Binance
Ethereum was listed by Binance. And because of this XRP supporters think that Binance should do the same with XRP. This could bring a number of good things within the industry. For instance, this could potentially increase the trading volume of XRP.
Because of CZ’s tweet, XRP supporters didn’t disappoint. There were more than 2,700 retweets, 2,900 replies, and 5,600 likes for the tweet.
Apart from the tweet, CZ did something that is unexpected. He included a LinkedIn link that gives people an idea of how to get a coin listed on the platform. It was mentioned in the link that “We require the project founder or CEO to fill out the form. Why? If there ever is a bug with your wallet, a fork or double-spend in your blockchain, we need to talk to a key person”.
The reason why a lot of people are urging Binance is mainly because of the expansion of Ripple’s customer base in recent months. Now, could it be possible that it is going to be listed soon?
Taking Caution?
Could it also be that Binance is also taking safety precautions before it is going to list XRP. For instance, the US Securities and Exchange Commission decided to go after tokens that are considered securities. Earlier this year, SEC Chairman Jay Clayton raised his warning on cryptocurrencies aside from Bitcoin and Ethereum, that
tokens that fall under securities will be targeted by the agency.
There has been a small number of crypto exchanges that adopted XRP. And this isn’t exactly surprising. Many are most likely being cautious with their action. Ripple is yet to resolve the claims that XRP is security. Ripple’s legal team recently transferred the case to a federal court. It is believed that the team thinks that they have a stronger chance of winning the case if this is made.
