Liechtenstein Cryptoassets Exchange lists XRP, expanding user trading flexibility following Judge Torres’ recent ruling on the Ripple vs. SEC case.
A week after XRP got regulatory clearance in the United States, Liechtenstein Cryptoassets Exchange (LCX), a leading crypto exchange under European regulation, has enabled XRP trading. The move marks a significant development for the platform as it seeks to expand its offerings to cater to the growing user base.
The exchange announced the development via a series of tweets, highlighting its status as an all-encompassing, regulated, and secure blockchain ecosystem reshaping the landscape of cryptocurrencies.
LCX has just listed the $XRP token ( @Ripple ) on its exchange platform
XRP/USDC : https://t.co/3WTVbc88nG
XRP/EUR : https://t.co/JJYpZKplYT
XRP/LCX : https://t.co/ylDr9LrZApDeposit $XRP and Place your order
— LCX (@lcx) July 21, 2023
Per the announcement, the exchange has listed XRP against the trading pairs of USD Coin (USDC), Euro, and its native token, LCX. The exchange sees the inclusion of XRP as an avenue for its users to expand their flexibility and diversity, as they can now access XRP/USDC, XRP/EUR, and XRP/LCX.
Notably, this move to comes a week after a US court ruled that XRP is not a security, propelling XRP’s price and trading volume to astronomical heights, as The Crypto Basic recently reported.
The LCX Platform
In the announcement, LCX emphasized its focus on security, stating that it employs industry-leading measures, including two-factor authentication and an Anti-phishing Code, to protect user funds and data.
The exchange further highlights its dedication to regulatory standards, mentioning that it has earned nine Regulatory Approvals from the Financial Market Authority of Liechtenstein. LCX believes these approvals position it as a rare, highly regulated, and secure platform for institutional and retail investors.
Regarding its position in the market, LCX states that it continuously explores new technologies and services to enhance the user experience, positioning itself at the forefront of crypto innovation. It spotlighted the NFT marketplace Tiamonds, which enables real-world diamonds to be tokenized 1-1 as NFTs.
Notably, the recent LCX listing comes a few days after multiple exchanges resumed support for XRP. Following Judge Torres’ judgment, top exchanges such as Coinbase, Kraken, and Crypto.com re-enabled trading for XRP. XRP’s volume has skyrocketed since the ruling.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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