Bybit, the renowned cryptocurrency exchange, has taken a decisive step towards enhancing user trading capabilities by launching XRP trading against the Euro on its spot trading platform.
This move comes in the wake of Ripple’s recent legal victory against the United States Securities and Exchange Commission (SEC), prompting a surge in interest surrounding the digital asset.
Read Also: Coinbase Leverages Ripple and XRP Victory In Motion to Dismiss SEC Lawsuit
In a blog post published on September 4, Bybit excitedly announced the expansion of its trading pairs to include XRP/EUR. This development now enables users to seamlessly trade XRP for Euro, further bolstering the range of investment options on the trading platform.
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, catering to the diverse needs of its growing user base.
Ripple’s legal triumph in the courtroom has ignited a wave of enthusiasm amongst the cryptocurrency community.
U.S. District Judge Analisa Torres ruled in July that XRP does not qualify as a security when purchased by retail investors through crypto exchanges or used by service providers. Since then, several prominent cryptocurrency exchanges have hastened to introduce or reintroduce XRP to their vast user base.
Read Also: XRP Surge To $50 on Gemini Wasn’t a Glitch, Expert Foresees Bigger Shocker Based On XRP Supply
Bybit’s decision to introduce XRP trading against the Euro follows in the footsteps of other top exchanges in the sector. The Liechtenstein Cryptoassets Exchange (LCX) listed XRP against popular trading pairs shortly after Ripple’s victory, including USD Coin (USDC), Euro, and its own native currency, LCX. Popular platforms like Gemini, Coinbase, Kraken, and Crypto.com also quickly replicated this move, reintegrating XRP and giving customers fresh investing opportunities.
Bybit’s introduction of XRP trading against the Euro signifies a significant stride towards expanding user investment possibilities. Alongside other exchanges that have embarked on relisting XRP, this demonstrates the growing confidence in Ripple’s victory against the SEC and the resurgence of interest in XRP as a viable digital asset.
As cryptocurrency enthusiasts eagerly navigate this evolving landscape, Bybit remains firmly committed to empowering its users with enhanced trading experiences, further solidifying its position as a leading crypto exchange.
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