XRP is Not a Security But The Largest Market Cap

Cryptocurrency market experienced some changes in the price of many cryptos last week. Recently launched Binance coin reached eight position in the coin market cap list. On this minor but important success, CEO of Binance, Changpeng Zhao aka CZ held an AMA (ask me anything) session which ended in almost fifty-five minutes. Several other topics were covered like BNB token, Binance DEX, Binance exchange including XRP.

xrp-market-cap

Changpeng Zhao in the answer of one of the questions stated that he doesn’t believe ripple XRP is security and will continue to see XRP innocent until it is proved guilty.

“It is very typical in our society that as soon as there is any accusation against you, you are assumed guilty by many other parties. He added I think people are aware that there is a lawsuit against XRP or Ripple on whether they’re a security asset or not. Our judgment is that they are not, and until proven that they are, we listed them on Binance, and luckily, we actually dragged other exchanges to list them too. There are a lot of people who complain that XRP is over-centralized, but look, the market votes with their feet, and XRP is one of the largest market cap coins on coinmarket cap, and it is like that for a reason.”

It is also worth to pay attention that XRP has grabbed a small victory on the lawsuits against it and it is now finalized that this case remains in federal court. The court has denied the plaintiff's motions to remand. This indeed is a meaningful victory for Ripple and good news for its investors too.

After the XRP being listed on Binance, Binance CEO Changpeng is much more into XRP. Often, he is seen answering questions related to Binance on Social media and events. For XRP he stated that “Idea of decentralization is good, but if you do not have the user base to go with it and a product to back, it is just an idea. His words added weight to XRP.

Answering one of the questions related to CRP announcement, he said that he will become the part of XRP army if he talks more about this XRP subject. Well, that sounds true to us. He has been into XRP a lot these days. In one of the listings of XRP on Coinbase Pro, Changpeng Zhang congratulated Ripple on twitter and says:

“Like to think we contributed to this adoption, maybe just a little bit, lol. Congratulations #XRP!

The more adoption, the better and the faster thing move around the world. It’s spreading.”

Binance adoption of ripple has surely attracted the attention of Coinbase and other exchanges. Every new ripple adoption becomes a new start to something great for Ripple.

CZ ended this ask me anything session with the statement that XRP is one of the biggest market cap coins and that is for a reason. Indeed, it is. The fanbase and the market establishment of XRP is commendable. There is a reason that after so many critics, lawsuits and competition, XRP is making its way out. 

So, worlds one of the top cryptocurrency exchange announced Ripple not guilty. Though it is not the court judgment however something strong coming from the top exchanges has its own meaning and value. Every single positive word coming out backs the value of Ripple. Over the past few years, Ripple has been into many criticisms however shown a parallel growth too.