The XRP community is celebrating the start of trading on Atlantis Exchange, a U.S. Treasury Department registered exchange. This development may indicate that the SEC v. Ripple lawsuit is nearing a conclusion before a significant deadline this week.
Following last year’s court ruling that XRP is not a security, crypto exchanges have been listing and relisting the digital asset. The XRP community, known as the ‘XRPArmy’, is now rejoicing as Atlantis Exchange announces the listing of XRP, allowing users to buy, swap, and sell the digital asset on their platform. Notably, this crypto trading platform is registered with the U.S. Treasury Department.
According to the announcement shared on X, trading began on March 17 at 5:00 AM UTC with the trading pair USDB. The platform even suggests that the value of XRP could increase by 100 times or more, encouraging investors to seize the opportunity.
It’s important to note that XRP deposits on Atlantis Exchange are currently supported on the BNB Chain (BEP20), indicating that integration with the XRP Ledger (XRPL) has not yet occurred. The exchange also disclosed that the trading fee for the token is 0.2%.
Atlantis Exchange prides itself on being a global trading platform registered with the U.S. Department of the Treasury and the United Nations. This has led some members of the community to speculate that this listing could be a signal that the ongoing Ripple v. SEC lawsuit is nearing its end. A crucial deadline is expected later this week.
As previously reported by Crypto News Flash, March 22 is a significant date for XRP and the wider crypto community. On this day, the SEC will present its opening brief for remedies, and Ripple will have until April 22 to respond. Two weeks later, on May 6, the SEC will have a final chance to reply to Ripple’s opposition.
The recent listing comes amidst the possibility of a settlement between the two parties and speculation of a potential XRP ETF in the coming months. With a Bitcoin spot ETF already approved and a likely approval for an Ethereum spot ETF in May, experts believe that XRP could be the next in line.
There are also rumors of Ripple going public before the end of the year, which could provide greater exposure to investors and drive up demand and prices for XRP.
The overall excitement surrounding Bitcoin and the upcoming halving event could also contribute to a rally in the digital asset. Some speculate that XRP could reach as high as $500. Currently, XRP is trading at $0.6044 after experiencing a 2% drop in the last 24 hours.
Changelly’s forecasts suggest significant growth for XRP, extending until 2040. They predict a surge in XRP’s value, with a peak price of $629 by 2040. Their projections identify October 2040 as the month when XRP could surpass the $500 mark, aiming for a maximum price of $529 during that period.