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HomeNewsBinance Coin Breaks Barriers at $342,65 with ADA and XRP Trading Spree

Binance Coin Breaks Barriers at $342,65 with ADA and XRP Trading Spree

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  • Binance adds ADA/USDC and XRP/USDC trading pairs, indicating a significant step for both cryptocurrencies.
  • The listing reflects Binance’s strategic approach amidst regulatory scrutiny and the balancing of its trading portfolio.

In a move signaling both confidence and strategic foresight, Binance has announced the inclusion of ADA/USDC and XRP/USDC in its trading options. This decision, set to take effect on December 28 at 08:00 UTC, represents a pivotal moment for the crypto industry’s largest trading platform.

The addition of these pairs not only diversifies trading options but also underscores Binance’s position as an influential player in the cryptocurrency market, as noted in the latest Binance update.

ADA and XRP: A Calculated Endorsement

The listing of ADA/USDC comes amidst ongoing regulatory ambiguity regarding Cardano’s status with the United States Securities and Exchange Commission (SEC). Binance’s decision to list this pair is a bold endorsement of the Charles Hoskinson-founded protocol, suggesting confidence in its future.

In contrast, the inclusion of XRP/USDC is backed by regulatory clarity, with XRP being recognized as not an investment contract by Judge Analisa Torres earlier this year. This move by Binance is strategic, offering support to ADA while capitalizing on XRP’s established regulatory status.

Binance’s Tactical Response to Regulatory Pressure

Recently, Binance has found itself under intense regulatory scrutiny, culminating in a significant settlement with the United States Department of Justice (DoJ) and other agencies. In response, the exchange has adopted a cautious approach to listing new coins.

While expanding its portfolio with ADA and XRP, Binance is also streamlining its offerings by delisting underperforming pairs such as APE/BNB, APE/EUR, and others. This approach reflects Binance’s commitment to maintaining a balanced and compliant trading environment amidst a challenging regulatory landscape.

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AnnJoy Makena
AnnJoy Makenahttps://www.ethnews.com
Annjoy Makena is an accomplished and passionate writer who specializes in the fascinating world of cryptocurrencies. With a profound understanding of blockchain technology and its implications, she is dedicated to demystifying complex concepts and delivering valuable insights to her readers. Business Email: info@ethnews.com Phone: +49 160 92211628
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