Following the growing adoption of XRP, Linear Exchange has opted to support the fifth-largest crypto asset by market capitalization. This positive development comes a few weeks after a federal judge declared XRP a non-security asset amid US SEC claims, making it the only cryptocurrency with regulatory clarity in the United States.
In a recent development, the leading "cross-chain compatible, decentralized delta-one asset protocol" Linear Exchange became the latest decentralized exchange (DEX) to support XRP.
Notably, the top DEX announced the listing of XRP on Monday, calling on crypto traders to leverage its cost-effective platform to buy and sell XRP with unlimited liquidity and no slippage.
https://twitter.com/LinearFinance/status/1696124046067351887?s=20
- LinearFinance
This development comes as Linear Exchange pushes to increase the number of digital assets supported on its decentralized trading platform. With the recent addition of XRP, Linear Exchange now supports over 14 crypto assets including bitcoin (BTC), Ether (ETH), Cardano (ADA), Polkadot (DOT), BNB, Tron (TRX), and Vechain (VET) amongst others.
Ripple's partial victory in its longstanding lawsuit against the Securities and Exchange Commission (SEC) boded well for XRP. Recall that on July 13, Judge Analisa Torres ruled that XRP is not a security token as claimed by the Securities Commission.
Following this favourable ruling, several centralized crypto exchanges including Coinbase, BinanceUS and Kraken were compelled to resume trading for the XRP Ledger native token.
This heightened support for XRP pushed the asset's price above $0.93 in July as investor interest spiked. Although XRP has been in a downtrend in the past weeks, its listing on Linear Exchange signified a growing adoption for the 5th-largest crypto asset by market cap.
XRP has continued to retain its position as one of the most popular assets in the crypto market with a market cap of over $1.12B. As the crypto market shows signs of recovery, XRP is up over 4% and 3% in the past 7 days and 24 hours respectively at press time. The asset is exchanging hands at $0.5389 with 2,085,950,704 (2.08B) XRP traded in the past 24 hours at the time of writing.
