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 an important deadline this week.
Since XRP was deemed not a security by the courts in a significant victory last year, cryptocurrency exchanges have been listing and relisting the digital asset. The XRP community, known as the ‘XRPArmy’, is now rejoicing over a major listing. Atlantis Exchange has announced the listing of XRP, allowing users to buy, swap, and sell the digital asset on their platform. Notably, the crypto trading platform is registered with the U.S. Treasury Department.
According to the announcement shared on X, trading started on the platform on March 17 at 5:00 AM UTC with the trading pair USDB. In their announcement, the platform suggested that the value of XRP could potentially increase by 100 times, urging investors not to miss out.
It is worth mentioning that XRP deposits are currently supported on the BNB Chain (BEP20), indicating that the platform has not yet integrated the XRP Ledger (XRPL). The exchange also disclosed that the trading fee for the token is 0.2%.
Atlantis Exchange takes pride in being a global trading platform registered with both the U.S. Department of the Treasury and the United Nations. Some members of the community speculate that this listing could be a sign that the ongoing Ripple v. SEC lawsuit is nearing a resolution. A crucial deadline is expected later this week.
As previously reported by Crypto News Flash, March 22 is a critical date for XRP and the wider crypto community. On this day, the SEC will present its opening brief for remedies, and Ripple will have one month to respond by April 22. Two weeks later, on May 6, the SEC will have its final opportunity to reply to Ripple’s opposition, as Attorney James Filan revealed recently.
The new listing on Atlantis Exchange precedes a potential settlement between the two parties. Additionally, there is speculation about a future XRP exchange-traded fund (ETF) in the coming months. With a Bitcoin spot ETF already approved and a potential Ethereum spot ETF likely to be approved 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. This move could provide XRP with increased exposure to investors and help drive up demand and prices.
The general excitement surrounding Bitcoin and the upcoming halving event could also contribute to a rally in XRP’s value. Some speculate that XRP could reach as high as $500. Currently, XRP is trading at $0.6044 after a 2% decrease in the last 24 hours.
As reported by CNF, Changelly predicts significant growth for XRP until 2040. They anticipate a surge in XRP’s value, projecting a peak price of $629 by 2040. Their projections indicate that XRP could surpass the $500 mark in October 2040, with a maximum price of $529 during that month.