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)

1. Binance
2. Coinbase
3. Huobi Global
4. Kraken
5. 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.