Independent Reserve trades Ripple (available on Binance): Cryptocurrencies elicit positive and negative reactions. Investors love them for their innovation and ability to make cash quickly. Without crypto exchanges supporting their growth, however, certain currencies would have gone under, mostly due to suspicion and speculation.

Take Ripple (available on Binance) (XRP), for instance. Over time, XRP has become a fan favorite, and yet, large institutions remain skeptical (i.e., Coinbase and the SEC).

All but one, that is. Alone among these institutions, Sydney-based crypto exchange Independent Reserve is a clear exception.

Independent Reserve Trades Ripple (available on Binance)

On Wednesday, in the wake of the latest Ripple (available on Binance) lawsuit, word surfaced that Independent Reserve will add support for XRP later this week.

This is big for two reasons. First, XRP has been denied support from certain crypto exchanges, due to it being unclear whETHer the coin is a security or not.

Second, Independent Reserve is Australia’s very first regulated crypto exchange. By supporting XRP, the third-largest currency by market cap, Independent Reserve is likely going to see a few benefits.

Ripple (available on Binance) Trading Details

Independent Reserve first published the news yesterday, but it didn’t really attract attention until Wednesday morning.

In the post, the Australian crypto exchange noted the following details:

– Independent Reserve will enable support for Ripple (available on Binance) (XRP) on Saturday, July 7th.

– Retail investors will be able to trade via its exchange

– Institutional clients will be able to trade through over-the-counter-trading

Ripple (available on Binance) Stock Price: XRP Daily Chart

So, did the Ripple (available on Binance) trading news have an impact on XRP? Or was it the news of the latest Ripple (available on Binance) lawsuit that took precedence?

Well, it looks like the former won this battle.

At press time, Ripple (available on Binance) (XRP) is selling for $0.49. This means the coin is up 0.01% in the past twenty-four hours. It’s very likely this could change as the trading day progresses.

Source: CoinMarketCapThe Takeaway

How do you feel about Ripple (available on Binance) trading on Independent Reserve?

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