Amidst the wave of Crypto prospects, we find ourselves in an intriguing position concerning Ripple’s XRP token, which found its trading doors open on Binance.US on a bright Friday morning. This development comes in the footprints of a groundbreaking ruling by a U.S federal court that cherishes the notion of secondary markets of XRP on exchanges not being distinguished as securities.
The world of digital tokens is a notoriously unpredictable one. And in this scenario, Binance.US isn’t vaulting alone. A multitude of rival crypto exchanges had already charted the same course, enlisting the ambiguous XRP token on their platforms, with the likes of Coinbase, Kraken, and Bitstamp to tip the hat.
Not just restricting to trading the XRP on Binance.US, cryptocurrency enthusiasts now also have at their disposal, licenses to deposit and withdraw XRP on the aforementioned exchange, as stated on the support webpage of Binance. So, to all those investors batting their eyelashes to amp up their crypto portfolio, the table is indeed set!
Yet again, in the backdrop of all this, a trace of skepticism lingers, subtly masked by the jubilation of these crypto exchanges. The definition of token securities has always been clouded with controversies, with a palpable thirst for more robust regulation standards. While the case of secondary sales of XRP token not being labeled as securities would whisper sweet nothings in the ears of investment houses, the lack of clarity on primary sales still leaves a bitter taste in the crypto community’s palate.
Be it as it may, Binance’s latest wave-breaking announcement lit up the path for an interesting bit of dynamism in the rainbow-colored world of Cryptocurrency. A bit of a shift from the usual, an eye peeled for any further movement that this newfound court ruling could potentially trigger in the crypto space. After all, as we ride on this roller coaster of crypto speculation, one must question – How far will the dominoes fall? Are we on the brink of a paradigm shift or is this just another blip in the ever-evolving facades of Crypto trading? Only time will spill the secrets!
Source: Coindesk
