Following the recent ruling in the Ripple vs. SEC case by Judge Torres, XRP continues to make strides in gaining regulatory clarity. Liechtenstein Cryptoassets Exchange (LCX), a prominent European exchange operating under regulation, has announced the listing of XRP. This move allows users to expand their trading flexibility and diversify their portfolios.
LCX revealed the listing of XRP through a series of tweets, highlighting the platform’s commitment to creating a secure and regulated blockchain ecosystem.
Read Also: Ripple Discussed Adoption of Crypto and XRP Utilities With the UK Government: Details
XRP is now available for trading against several trading pairs, including USD Coin (USDC), Euro, and the native token LCX. Traders on the platform can now access XRP/USDC, XRP/EUR, and XRP/LCX pairs.
LCX has just listed the $XRP token ( @Ripple ) on its exchange platform
XRP/USDC : https://t.co/3WTVbc88nG
XRP/EUR : https://t.co/JJYpZKplYT
XRP/LCX : https://t.co/ylDr9LrZApDeposit $XRP and Place your order
— LCX (@lcx) July 21, 2023
The decision to list XRP on LCX comes just a week after the U.S. court ruling, which deemed XRP not a security. This ruling has had a significant impact on XRP’s price and trading volume.
Focus on Security and Regulatory Standards
In its announcement, LCX emphasized its dedication to user security by implementing robust measures such as two-factor authentication and an Anti-phishing Code. The exchange aims to protect user funds and data against potential threats.
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— TimesTabloid (@TimesTabloid1) July 15, 2023
LCX further highlighted its adherence to regulatory standards, proudly mentioning that it has obtained nine Regulatory Approvals from the Financial Market Authority of Liechtenstein. This recognition positions LCX as a highly regulated and secure platform, catering to both institutional and retail investors.
The platform’s commitment to innovation was also emphasized, with LCX continuously exploring new technologies and services to enhance the user experience. Notably, LCX showcased its non-fungible token (NFT) marketplace, Tiamonds, which allows real-world diamonds to be tokenized as NFTs on a one-to-one basis.
Increased Support for XRP
LCX’s recent listing comes shortly after various major exchanges such as Coinbase, Kraken, and Crypto.com resumed support for XRP following Judge Torres’ ruling. As a result, XRP’s trading volume has experienced a significant surge.
XRP’s inclusion on the LCX exchange provides another avenue for traders to participate in the XRP market and reinforces the growing acceptance and recognition of XRP within the cryptocurrency ecosystem.
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