A recent transaction on the Coinbase cryptocurrency exchange has drawn attention as a significant amount of XRP worth $35.1 million was added from an unknown wallet.
Major XRP Transaction on Coinbase
The Coinbase cryptocurrency exchange added 35,122,576 XRP, equivalent to $99,004,973, from an unknown wallet. The transaction was recorded in recent hours and stands out amid previous waves of large XRP transfers.
Trends in Large XRP Transactions
This transaction follows a series of large XRP transfers recorded at the beginning of September. On September 1, several large transfers were reported, including 236,982,903 XRP worth $654,339,020 and 257,105,694 XRP worth $706,032,885, as well as the unlocking of 1 billion XRP by Ripple.
Joint Statement from SEC and CFTC
Additionally, according to crypto reporter Eleanor Terrett, the SEC and CFTC have issued a joint statement emphasizing that SEC- and CFTC-registered exchanges are not prohibited from trading certain spot crypto assets. "Market participants should have the freedom to choose where they trade spot crypto assets," Terrett quoted SEC Chairman Paul Atkins.
Thus, the recent large XRP transactions and the joint initiatives by the SEC and CFTC highlight the active movement in the cryptocurrency market and the importance of flexibility in regulation.
