Binance US Announces XRP/USD Trading Pair

Binance US, the local arm of cryptocurrency trading giant Binance, has announced that the XRP/USD pair is now available for trading.

Due to the SEC lawsuit against Ripple, the cryptocurrency trading platform suspended XRP trading in early 2021, following the majority of other leading US-based exchanges like Coinbase, Crypto.com, and Bittrex.

XRP trading returned in July 2023 after Ripple achieved a significant legal victory against the SEC, with the court ruling that secondary XRP sales were not classified as securities. Other exchanges, including Kraken, Bitstamp, Gemini, and Coinbase, also resumed XRP trading.

Before the new addition, the only XRP pair available on the Binance.US exchange was XRP/USDT.
In addition to Binance.US, exchanges offering the XRP/USD pair include Coinbase, Kraken, Bitfinex, and Crypto.com. Notably, the Coinbase pair has the highest daily trading volume, approximately $385 million, according to CoinMarketCap data.