Is XRP Australia's New Favorite Cryptocurrency?
The Securities and Exchange Commission [SEC] and Ripple locked horns in 2020. The case has taken several turns since then but hasn’t reached a conclusion yet. As the community inches closer to the verdict, other nations have started embracing XRP, which is currently deemed a security by the United States SEC. According to a recent Australia n news portal report, XRP was raging in the country. The trading volume of the Altcoin on Australia ’s prominent cryptocurrency exchanges was overpowering that of the rest of the assets. Over the last 24 hours, XRP accounted for 82% of volumes on the Independent Reserve exchange and 62% of volumes on Melbourne-based BTC Markets. As mentioned earlier, the reason behind this could be linked to the case. Time and again, Ripple ’s CEO Brand Garlinghouse has also expressed his desire to take Ripple and XRP out of the U.S. The latest news shows how Australia could be a viable option for Ripple ’s big move. But would SEC...