Binance's Unwavering Support for XRP Throughout SEC Litigation

During Ripple Labs’ prolonged legal struggle with the U.S. Securities and Exchange Commission (SEC), Binance's global exchange never suspended XRP trading. While several U.S.-based exchanges delisted XRP in response to regulatory concerns, Binance.com kept the token available for its international users.

Distinction Between Binance.com and Binance.US

Binance founder Changpeng Zhao clarified on social media that the suspension of XRP trading was limited to Binance.US, the platform catering to U.S. customers, which suspended XRP in January 2021 after the SEC lawsuit initiated. However, Binance’s main global platform continued to provide liquidity and support for XRP throughout the legal saga, ensuring uninterrupted market access for international traders.

Industry-Wide Delistings Amid Regulatory Pressure

After the SEC filed its lawsuit in December 2020 alleging Ripple conducted unregistered securities sales through XRP, major U.S. cryptocurrency exchanges including Coinbase, Crypto.com, OKCoin, and Bittrex responded by delisting the token for their customers. This created substantial uncertainty about XRP’s legal status in the U.S. market and limited its accessibility.

Despite the challenges, XRP has shown resilience, achieving a 361.1% gain over the past year. The recent decision by Ripple to drop cross-appeals and favorable court rulings suggest progress towards resolving the lawsuit. Subsequently, Binance.US and other U.S. platforms have relisted XRP, signaling renewed confidence in the asset’s compliance with regulations.

Implications for the Crypto Industry

Binance’s decision to maintain XRP listings on its global site demonstrates a commitment to supporting digital assets amid regulatory uncertainty, providing vital liquidity and market continuity. As legal clarity improves, industry leaders anticipate broader acceptance and normalization of XRP trading within the U.S. market.