Japanese cryptocurrency exchange CoinCheck has announced the addition of XRP and five other cryptocurrencies to its platform.
New Listings on CoinCheck
In a recent tweet, Japanese cryptocurrency exchange CoinCheck announced the listing of the seventh largest digital currency XRP. Aside from that, the platform is listing five other cryptocurrencies – Ethereum (ETH), Shiba Inu (SHIB), NEM (XEM), IOST (IOST), and Enjin Coin (ENJ). The first X post, announcing the upcoming listing of these digital assets was published by the platform on August 30. CoinCheck holds the 48th position on the CoinMarketCap list of crypto exchanges around the world.
Ripple's Court Victory
This XRP listing comes after the major Ripple win in court, which the company’s chief executive Brad Garlinghouse praised as a victory not only for Ripple after the three years of legal battles against the SEC but also for the entire cryptocurrency industry. At the end of the first week of August, federal judge Analisa Torres rejected the SEC’s request to make Ripple pay $2 billion in fines and penalties. The judge ordered Ripple to pay only $125 million instead of the tremendous amount insisted on by the Securities and Exchange Commission.
Ripple Unlocks Another Billion XRP
Earlier this week, the blockchain juggernaut Ripple made yet another release from escrow, unlocking a tremendous billion XRP coins, amounting to $555,890,057. 800 million from it was eventually locked back in escrow as Ripple does traditionally. The company has been making these monthly 1-billion XRP releases every month over the past seven years, each time sending 80% of the unlocked coins back into escrow. Recently, Brad Garlinghouse stated that in the future the XRP contained in the company’s escrow might be burned, i.e., locked in an unspendable wallet for good.
CoinCheck continues to expand by adding new assets to its platform, while Ripple strengthens its market position following a significant legal victory.
Comments