Changpeng Zhao Confirms Binance Has Never Delisted $XRP In The Ripple Case

Binance founder Changpeng Zhao (CZ) has reaffirmed that the exchange will continue to support XRP trading throughout Ripple Labs' protracted legal battle with the Securities and Exchange Commission (SEC). In a recent post on social media platform X, CZ clarified that Binance has never delisted XRP despite the close scrutiny from regulatory authorities and widespread caution across the cryptocurrency industry.

"We have never delisted XRP," CZ said, responding to the latest public interest following the recent legal developments surrounding Ripple. His comments came after reports that Ripple CEO, Brad Garlinghouse, stated the company would end its cross-appeal with the SEC, another sign that the company is looking to close its years-long legal battle. The SEC sued Ripple in December 2020, claiming that the company's sale of XRP was an unregistered securities offering. Subsequently, many of the most popular cryptocurrency exchanges in the United States, such as Coinbase, Bittrex, Kraken ( for U.S. customers ), Bitstamp, and eToro, quickly halted or delisted XRP trading to get ahead of any potential regulatory crackdown. It's not surprising that any DEX that had listed this token before continues to do so, except for one case: Uniswap's DEX, Uniswap V2, the most popular exchange in the world at that time, delisted this token in early 2021. However, Binance, the global branch of the exchange, still lists XRP throughout the litigation process. Because Binance is not within the regulatory scope of U.S. regulatory agencies, this exchange faces less pressure to comply with SEC guidelines. This difference allows users worldwide to trade XRP even while the case is ongoing in U.S. courts. XRP has boosted Binance's trading volume despite legal pressure. CZ's decision to keep XRP listed on Binance—and the reasons behind its support—goes beyond geographical considerations. XRP is one of the major traded currencies on Binance, providing them with significant trading volume and fee revenue. According to an analyst from Binance, XRP is still a highly sought-after asset and the decision to delist XRP will negatively impact both traders and the exchange. However, Mr. Powell stated that there is no reason to remove it. An industry observer stated that by ensuring customers can buy, sell, and hold XRP, Binance has established itself as the "number 1 global spot exchange for XRP" even though officials in the United States have not determined whether the token is a security. The observer noted that it is a calculated risk that ultimately gave Binance a competitive advantage, especially after Ripple's partial legal victory in July 2023. The ruling, issued by U.S. District Judge Analisa Torres, found that the sale of XRP through public exchanges does not constitute the sale of securities, a win for Ripple and the cryptocurrency industry as a whole. Since that ruling, some exchanges have temporarily relisted XRP. Ripple is accepted by organizations after upgrading its technology. Legal disputes do not prevent Ripple from developing its ecosystem and attracting interest from leading organizations. In fact, the XRP Ledger (XRPL), the underlying blockchain of XRP, has quietly and steadily developed over the years. Leading digital asset companies such as Ondo Finance and Guggenheim have indicated that they will be interested in issuing real-world assets tokenized on XRPL. These initiatives come as blockchain technology faces significant changes in scalability, interoperability, and compliance requirements. Ripple has also announced its brand efforts to develop its stablecoin. The new dollar-backed stablecoin (1:1), RLUSD, has been minted over 12 million, indicating the company's direction towards tangible practical utility and institutional-grade financial infrastructure.