The XRP/USD transaction pair was listed on the US -based crypto currency exchange Binance.us platform. While this move is considered an important development for Ripple investors, it can also have a positive impact on the crypto market.

The return process of Binance.us and XRP

Binance.us suspended XRP trading in 2021 due to the case against Ripple’s Ripple. At that time, Coinbase, Crypto.com, Bittrex, such as large US -based stock exchanges, similar decisions by taking similar decisions had stopped XRP transactions. SEC’s evaluation of Ripple’s sales as securities sales caused these platforms to move cautiously.

However, Ripple won an important victory in court in 2023. The court ruled that the sales of XRP in secondary markets were not considered securities. This decision led platforms such as Kraken, Bitstamp, Gemini and Coinbase to restart XRP. Although Binance.us brought back the XRP transactions, he initially only offered the USDT process pair.

Why is the XRP/USD pair important?

Binance.us’s new USD parity allows investors directly to buy and sell XRP with USD dollar. This change will provide more liquidity to the Ripple market, while investors will enable stabilcoin without the need for. Especially for US -based investors, this means more ease of transactions.

Stock exchanges that offer USD parity include large platforms such as Coinbase, Kraken, Bitfinex and Crypto.com. According to CoinMarketcap data, the largest daily transaction volume in this parity is at Coinbase with $ 385 million. Binance.us’in USD pair, XRP transactions are expected to increase competition and market volume is expected to grow.

The effects of the SEC case are decreasing

Binance.us’s adding the USD parity increases the accessibility of the XRP in the US market, while the effects of the SEC case are reduced. After Ripple’s victory in court, the gradual disappearance of the legal uncertainties on Ripple strengthens investor confidence.

This development may increase the transaction volume of XRP in the United States and revive the investor interest. This move of Binance.us is considered a strategic step that will enable Ripple to become a stronger position in the crypto market.