Top crypto trading platform Crypto.com has added support for the XRP/EUR trading pair.
This pair comes alongside SOL/EUR as the exchange seeks to expand access to new assets for its users in the Eurozone and worldwide. The addition now positions the duo of XRP and SOL as two of only four EUR-based pairs on the Crypto.com platform.
🆕 New $EUR trading pairs have been added to the https://t.co/A7lhUEyoao Exchange:$XRP/EUR$SOL/EUR
Start trading these pairs now 👇https://t.co/GBTPzwV3F0 pic.twitter.com/3WMjh84HcG
— Crypto.com Institutional (@Cryptocom_Insto) November 30, 2023
Before this development, users on the exchange had access to only BTC/EUR and ETH/EUR pairs.
Notable Landmark for XRP
Top exchange listings are not uncommon for the most capitalized digital currencies like XRP. However, featuring rare currency pair options is not a common trend. Despite supporting numerous cryptocurrency pairs, the top regulatory provisions in the European Union have limited Crypto.com’s Euro pairs.
The inclusion of XRP further underscores the general acceptance of the cryptocurrency as a non-security after the historic legal precedent regarding its status was set in the United States.
Though XRP’s status is not under contention in the Eurozone, the ruling from Judge Analisa Torres further removes all forms of confusion.
The XRP/EUR listing will also help Crypto.com expand its support for XRP as one of its landmark assets. Notably, as part of its support last year, the platform supported the airdrop initiated by Flare Network for XRP holders.
The listing of the XRP/EUR pair is also expected to boost the adoption of XRP in the region. At the moment, the XRP/EUR pair’s market value is 0.55134, with a $2,032.16 or 3,342 XRP trading volume recorded in the past 24 hours.
Related Listings May Expand
Since the XRP ruling came into effect, it has opened up a new phase for the digital currency, with initial reactions from trading platforms being to relist the coin.
Today, many exchanges, including Coinbase, have returned their loyalty to XRP and its community. Interestingly, Coinbase recently extended support for XRP by listing XRP futures for its Advanced customers outside the United States.
Read the full article here