{"id":598551,"date":"2024-03-18T11:00:46","date_gmt":"2024-03-18T11:00:46","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=598551"},"modified":"2024-06-11T09:28:22","modified_gmt":"2024-06-11T09:28:22","slug":"xrp-price-on-the-crosshair-as-trading-begins-on-us-backed-exchange","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/xrp-price-on-the-crosshair-as-trading-begins-on-us-backed-exchange\/","title":{"rendered":"XRP Price On The Crosshair As Trading Begins On US-Backed Exchange"},"content":{"rendered":"
XRP has been listed on Atlantis Exchange, a platform registered with the U.S. Department of the Treasury. This development comes at a time of regulatory uncertainty surrounding cryptocurrencies, with potential implications for market dynamics and investor sentiment.<\/p>\n
Atlantis Exchange announced the inclusion of XRP among its supported cryptocurrencies, with trading commencing on March 17 at 5:00 AM UTC. Users can trade the altcoin with the USDB trading pair, offering increased liquidity and accessibility for traders.<\/p>\n
Despite the listing, the platform currently supports XRP deposits via BNB Chain (BEP20), indicating that integration with the XRP Ledger (XRPL) has yet to be implemented. While deposits have been accepted since March 13, withdrawal options will be available from March 20.<\/p>\n
However, concerns have been raised regarding the reliability of Atlantis Exchange, with accusations of scams and difficulties in withdrawing tokens, prompting caution among XRP investors.<\/p>\n
Recent legal developments regarding XRP’s status as a non-security provide context for its listing on Atlantis Exchange. Following a court ruling against the SEC and recognition by the European Corporate Governance Institute, XRP has gained regulatory clarity, distinguishing it from other cryptocurrencies entangled in legal battles. This clarity may bolster investor confidence in XRP and contribute to its wider adoption in the cryptocurrency market.<\/p>\n
Beyond XRP, the broader cryptocurrency market faces regulatory challenges, with allegations surfacing about US President Joe Biden’s purported plans to regulate or “destroy” crypto<\/a> in the United States.<\/p>\n Proposed measures, including a 30% excise tax<\/a> on digital mining, have raised concerns among industry experts about their potential impact on the sector and investor value. Such regulatory uncertainty underscores the need for caution and vigilance among cryptocurrency stakeholders.<\/p>\n <\/p>\n Experts in the cryptocurrency sector have weighed in on the regulatory landscape, expressing apprehension about the potential consequences of proposed regulatory measures.<\/p>\n Taras Kulyk, the chief executive of mining hardware company SunnySide Digital, warns that implementing a blanket tax on digital mining could “kill the sector” and wipe out billions of dollars of investor value in the U.S. These concerns highlight the delicate balance between regulatory oversight and fostering innovation within the cryptocurrency industry.<\/p>\nBitcoin is now trading at $67.708. Chart: TradingView<\/a><\/pre>\n
Expert Opinions And Market Outlook<\/strong><\/h3>\n