CZ Reveals: Binance Stood Firm on XRP Despite Ripple’s Legal Storm

In a defiant move that defied industry expectations, Binance CEO Changpeng Zhao (CZ) confirmed the exchange never wavered on XRP during Ripple's high-stakes SEC lawsuit.

While competitors scrambled to delist the embattled token, Binance's unshakable position signals either remarkable conviction or calculated indifference to regulatory theater—take your pick.

The revelation comes as XRP's legal clarity finally boosts its market position, proving once again that in crypto, the only thing more volatile than prices is regulators' consistency.

XRP boosted Binance volumes despite legal pressure

CZ’s decision to keep XRP listed on Binance—and the rationale behind supporting it—went beyond geographic considerations. XRP was one of the primary traded coins on Binance, giving them a large trading volume and fee revenue.

According to one Binance analyst, XRP was still a highly sought-after asset, and the decision to delist XRP WOULD have adversely affected both its traders and the exchange. However, Mr Powell said there was no reason to eliminate it.

An industry observer said that by ensuring customers can buy, sell, and hold XRP, Binance had affirmed its position as “no. 1 global XRP spot trading destination” despite bureaucrats in the US not determining whether the token is a security. The observer noted that it was a calculated risk that ended up giving Binance a competitive advantage, especially after Ripple’s partial legal victory in July 2023.

That ruling, issued by US District Judge Analisa Torres, found that programmatic sales of XRP via public exchanges did not constitute securities sales, a victory for Ripple and the broader cryptocurrency industry. Since that ruling, some exchanges have tentatively relisted XRP.

Ripple sees institutional adoption after tech upgrades

Legal controversies have not stopped Ripple from growing its ecosystem and interest from top institutions. In reality, XRP Ledger (XRPL), the underlying blockchain of XRP, has been quietly and slowly growing for years.

Top digital asset companies such as ONDO Finance and Guggenheim have indicated they would be interested in issuing tokenized real-world assets on XRPL. These initiatives happen when blockchain technology faces a serious facelift regarding scalability, interoperability, and compliance requirements.

Ripple has also announced its brand of stablecoin efforts. Its new dollar-backed stablecoin (1:1), RLUSD, has had over 12 million minted, indicating the company’s direction towards tangible real-world utility and institutional-grade financial infrastructure.

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