Coin

<ul class="news-points wp-block-list" "wp-block-list"> 
 <li>XRP surged 20% earlier this week following Ripple’s $125 million penalty.</li> 
 <li>Robust liquidity supports XRP’s growing demand in the US.</li> 
 <li>XRP’s recent rally forms part of sustained growth in the past year.</li> 
</ul> 
XRP surged 20% earlier this week after a U.S. Federal Court ruling that fined Ripple Labs $125 million for selling XRP to institutional investors. Ripple executives and supporters <a href="https://coinedition.com/ripple-secures-big-legal-win-but-questions-remain-on-the-victory/">chose to term it as a victory</a>, considering the SEC had initially sought a $2 billion penalty. 
XRP’s recent surge reflects the growing demand for the cryptocurrency since last year’s court ruling that XRP is not a security. This ruling has triggered steady growth in XRP demand across U.S. markets. 
CCData, a leading digital asset data and index provider, attributes XRP’s growing demand in the U.S. to the relatively greater liquidity offered by U.S.-based exchanges. A comparison of top XRP pairs on selected U.S. and offshore exchanges reveals a 30% variation in 1% market depth in favor of U.S. exchanges. This robust liquidity makes executing large transactions at market prices easier. 
The CCData-observed scenario justifies the ongoing XRP whales’ inclination toward crypto exc…
The post <a href="https://coinedition.com/heres-why-xrp-whales-choose-u-s-exchanges-ahead-of-others/">Here’s Why XRP Whales Choose U.S. Exchanges Ahead of Others</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Here’s Why XRP Whales Choose U.S. Exchanges Ahead of Others

Coin Edition

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