Ripple is not having its best days from one point of view – the company is on the verge of being hit by a fourth lawsuit claiming that its XRP is a security.
But the company has a lot of influential people, and companies that are defending it and crypto exchange Bittrex is one of them.
Bittrex crypto exchange defends Ripple and adds XRP pairs
The San Francisco-based crypto exchange says it decided to pair XRP and ETC with the US dollar.
These new pairs are expected to launch in less than two weeks.
The Bittrex decision highlights the exchange’s belief that XRP is not a security as we already said and it comes at a really crucial time for Ripple Labs.
Back in May, Bittrex stated the company “uses a robust digital token review process to ensure the tokens listed on the exchange are compliant with U.S. law and are not considered securities.”
Bittrex is slowly but surely rolling out its USD markets, and it’s also enabling the option for a higher number of pre-approved customers.
“As we continue expanding fiat markets to the top tokens on Bittrex, we’re not only offering customers a streamlined experience to purchase digital coins on Bittrex directly with US dollars, but we’ll also be offering customers USD trading pairs that may only be found on our platform,” Bittrex says.
— Bittrex (@BittrexExchange) August 8, 2018
The crypto exchange continued and explained that they would go on with the process of “adding tokens to our USD markets, providing our customers even more convenient, fast and secure trading options as well as access to some of the world’s most innovative blockchain projects.”
Ethereum Classic (ETC) is up more than 30% after the massive news that it is now listed on Coinbase.
Ripple CEO Brad Garlinghouse has highlighted as many times as possible the reasons for which XRP is not a security, but it seems that this does not stop others from accusing it.