Bybit Introduces XRP/EUR Trading Pair Following Ripple’s Legal Win
Good news for cryptocurrency enthusiasts – Bybit has announced that it will now offer XRP trading against the Euro on its spot trading platform. This move comes after Ripple’s recent victory in a legal battle against the SEC, which has reignited interest in the digital coin.
In a recent announcement, Bybit confirmed that it is diversifying its trading pairs by introducing XRP/EUR. By doing so, it provides users with the convenience of seamlessly trading XRP for Euros, expanding their investment options on the platform.
In addition to XRP/EUR, Bybit has also introduced Euro trading pairs for seven other cryptocurrencies, including BTC/EUR, ETH/EUR, LTC/EUR, DOGE/EUR, ADA/EUR, USDC/EUR, and SOL/EUR. This move caters to the diverse user base of the platform.
Following a ruling by US District Judge Analisa Torres that XRP is not considered a security when purchased by retail investors or used by service providers, cryptocurrency exchanges have been quick to list or relist XRP. Bybit’s decision to list XRP/EUR aligns with this trend in the industry.
Other major platforms, such as Gemini, Coinbase, Kraken, and Crypto.com, have also added XRP back to their services.
Hot Take:
The introduction of XRP/EUR trading on Bybit’s platform not only expands the investment options available to users but also highlights the renewed interest in XRP following Ripple’s legal win. This move reflects the growing confidence in XRP as a valuable digital asset and provides a convenient trading option for those looking to invest in the cryptocurrency.
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