Good news has come for Ripple (XRP), which has been on the agenda with the ongoing legal struggle with the US Securities and Exchange Commission (SEC) in recent years. Already listed by many leading cryptocurrency exchanges such as Binance, XRP is now listed by the popular digital asset trading platform BitMart. With the BitMart listing, users will be able to trade XRP against Tether (USDT).
This listing has positive aspects for both XRP and the stock market. Because the stock market offers a wider range of crypto to its users by listing a crypto currency. In a statement regarding the BitMart XRP listing, he said:
“#BitMart will list Ripple (XRP) on our digital assets platform on January 5, 2023. The following trading pair will be available: XRP/USDT.
Deposit feature: 01/05/2023 7:00 AM (UTC)
Trade feature: 01/05/2023 8:00 AM (UTC)”
Although XRP is on many exchanges, in late 2020, with the SEC filing a lawsuit against Ripple, major cryptocurrency exchanges such as Coinbase started to delist XRP. The reason for XRP’s delisting was cited as the SEC’s designation of XRP as a security and its announcement that it will initiate legal action against XRP’s company, Ripple Labs, for allegedly selling unregistered securities. In its lawsuit against Ripple Labs, the SEC alleges that XRP is an investment contract and therefore should be subject to securities laws.