crypto exchange BinanceIn a strategic move, , announced that it has included ADA/USDC and XRP/USDC in its trading options. This decision represents a pivotal moment for the crypto industry’s largest trading platform.
As noted in the Exchange’s latest update, the addition of these pairs not only diversifies trading options. Also Binance cryptocurrency It also underlines its position as an effective player in the market.
Koinfinans.com As we reported at , ADA/USDC’s listing comes amid ongoing regulatory uncertainty regarding Cardano’s status with the SEC. Binance’s decision to list this pair is a bold confirmation that there is confidence in the future of the protocol founded by Charles Hoskinson.
In contrast, the inclusion of XRP/USDC is supported by regulatory clarity, with XRP not being recognized as an investment contract by Judge Analisa Torres earlier this year. This move by Binance is strategic and offers support for the ADA while leveraging XRP’s established regulatory status.
Binance’s Tactical Response to Regulatory Pressure
Recently, Binance found itself under intense regulatory scrutiny, resulting in a significant settlement with the United States Department of Justice (DoJ) and other agencies. In response, the exchange took a cautious approach to listing new coins.
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 harmonious trading environment amidst a challenging regulatory environment.