Popular altcoinone of the Ripple (XRP) He has been continuing his legal fight against the SEC for over two years.
While the case is pending XRP also continues to grow.
In this context, XRP has recently become a new focus of interest for South Korean investors.
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According to the news of Coindesk, XRP trading volume continues to increase in South Korean exchanges.
South Korea’s three largest exchanges by trade volume UpBit, Bithumb and KorbitIn , XRP trading volumes soared to billions of dollars after XRP rose 26% last week.
Data obtained in the last 24 hours XRP trading accounted for 37% of all volume on Bithumb, 18% of all volume on UpBit and a staggering 50% of all volume on Korbit.
Against these figures, UpBit has led the global XRP trading volumes with over $790 million in XRP trading volume in the last 24 hours.
Evaluating this interest in XRP, analysts say that this interest is in the CFTC’s lawsuit against Binance. Bitcoin and Ethereum’u is classified as a commodity and XRP is also CFTC He said it came amid allegations that it could be classified as a commodity by
Opposite of this SEC claims that XRP is a security.
However, analysts stated that the classification of XRP as a commodity could mean that Ripple won the case and could bring bullishness for XRP.
Ripple wins the lawsuit against the SEC altcoins You can review the news below for its possible effect on
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*Not investment advice.
Source: Bitcoinsistemi.com