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Coinbase Global Inc. has relisted XRP on its platform, a momentous event for the cryptocurrency industry, pending adequate liquidity.
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XRP is not a “security” after all
The recent victory of Ripple Labs over the United States Securities and Exchange Commission (SEC) has sparked a wave of confidence throughout the crypto sector. The news that XRP is no longer considered a “Security” by Judge Analisa Torres has caused excitement, and now the Coinbase exchange has joined in on the fun by announcing that it will once again make the digital currency available for trade.
Trading of XRP on the XRP network has been restored by Coinbase, the largest cryptocurrency trading platform in the United States. Customers are cautioned against transmitting the bitcoin to other networks by the exchange, however, since doing so could result in the loss of the cryptocurrency forever. If necessary liquidity conditions are reached later today, XRP trading could begin.
The announcement was tweeted out by the exchange, which said trading might start “later today, if liquidity conditions are met.” Our XRP-USD, XRP-USDT, and XRP-EUR trading pairings will become live in stages once a stable supply of this asset has been established. There may be limitations on where XRP is usable.
After the SEC filed litigation against Ripple Labs in December 2020, alleging that XRP was an investment contract, Coinbase delisted XRP. However, following the positive verdict in the case, Coinbase has reinstated XRP, showing renewed faith in the cryptocurrency.
However, other major exchanges, such as Gemini, have also signalled their plan to relist XRP for spot and futures trading, so Coinbase’s decision to relist is evidence of the growing interest in XRP.
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As optimism grows, the price of XRP rises to a new high
With the positive momentum for XRP continuing to build, the coin’s price has exploded since its relisting on Coinbase. The value of XRP has risen by approximately 74% in the past day, to a current market price of $0.8186. Since its relisting on Coinbase, Bitcoin (BTC) has seen a rise and is once again trading above $31,000, a significant psychological barrier for the cryptocurrency market.
Now that XRP has been relisted on Coinbase, investors and traders have more options for buying and selling the digital currency. This event is a watershed moment in XRP’s comeback and revival in the cryptocurrency industry.
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Where to Trade XRPUSDT Futures?
Now you can trade XRP futures on BTCC. BTCC, a cryptocurrency exchange , was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone. BTCC is a crypto exchange offering users liquid and low-fee futures trading of both cryptocurrencies and tokenized traditional financial instruments like stocks and commodities.
BTCC offers exclusive bonus for new users. Sign up and deposit on BTCC to get up to 15,000 USDT in bonuses. Meet the deposit targets within 30 days after successful registration at BTCC, and you can enjoy the bonus of the corresponding target levels. Find out what campaigns are available now: https://www.btcc.com/en-US/promotions
BTCC also has an iOS app and Android app if you prefer to trade on the go.
iOS QR Code Android QR Code
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How to Trade XRPUSDT Futures on BTCC ?
To trade XRPUSDT Futures on BTCC, follow these simple steps:
- Create an account
Go to the BTCC website and fill out the registration form with the necessary details. Finish the checks to make sure you’re in line with the stock exchange’s rules.
- Deposit funds
Fund your BTCC wallet once your account has been created and verified. You can fund your BTCC account with a number of different cryptocurrencies and fiat currencies.
- Navigate to the crypto trading section
You can begin trading on the BTCC platform as soon as your account has been funded. Find the crypto exchange rate, which is written as crypto/Bitcoin (BTC) or crypto/US Dollar (USDT) depending on the other pairs available.s.
- Choose your trading type
Both spot trading and futures trading are available through BTCC. If you want to purchase or sell crypto tokens at the current market price, you may want to investigate spot trading. If you’d rather trade crypto with leverage and speculate on its price movements, you can do so with crypto Futures.
- Place your trade
After deciding which type of deal you want to make, you can enter the amount of crypto you like to buy or sell, as well as your preferred price (if necessary). If everything checks out, go ahead and make the deal.
- Monitor and manage your trades
Be sure to monitor your crypto holdings on the BTCC exchange. To limit losses and protect gains, you can use stop-loss and take-profit orders. It is also important to keep up with the latest crypto market trends and news if you want to successfully trade this cryptocurrency.
Before becoming involved in any kind of trading, make sure you’ve done your homework. Due to the extreme volatility of the cryptocurrency markets, it is crucial to have a well-defined trading strategy and risk management framework in place. To successfully trade crypto on the BTCC market and take advantage of the chances it provides, follow these procedures and keep yourself updated.
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How to Trade Tether (USDT) on BTCC
Mobile App
- 1. Download the BTCC App via App Store or Google Play
- 2. Register and verify your account, or log in to your BTCC account.
- 3. Tap ‘Buy Crypto’.
- *Please note that only verified users are eligible to buy crypto on BTCC.
- 4. Enter the amount you would like to buy in USDT.
- 5. Select a service provider and proceed to payment.
Web Platform
- 1. Register and verify your account, or log in to your BTCC account.
- 2. Click ‘Buy Crypto’ on the menu.
- *Please note that only verified users are eligible to buy crypto on BTCC.
- 3. Enter the amount you would like to buy in USDT.
- 4. Select a service provider and proceed to paymen.
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Why Trade XRPUSDT Futures on BTCC
To trade Crypto futures, you can choose BTCC crypto exchange.BTCC, a cryptocurrency exchange , was founded in June 2011 with the goal of making crypto trading reliable and accessible to everyone. Over 11 years of providing crypto futures trading services. 0 security incidents. Market-leading liquidity.
Traders may opt to trade on BTCC for a variety of reasons:
- Secure：safe and secure operating history of 11 years. Safeguarding users’ assets with multi-risk management through the ups and downs of many market cycles
- Top Liquidity：With BTCC’s market-leading liquidity, users can place orders of any amount—whAVAXer it’s as small as 0.01 BTC or as large as 50 BTC—instantly on our platform.
- Innovative：Trade a wide variety of derivative products including perpetual futures and tokenized USDT-margined stocks and commodities futures, which are innovative products invented by BTCC.
- Flexible：Select your desired leverage from 1x to 150x. Go long or short on your favourite products with the leverage you want.
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