CZ: Binance doesn't consider XRP a security, will keep it listed

06 Mar, 2019 | Updated: 06 Mar, 2019
by Richard Allen
CZ: Binance doesn't consider XRP a security, will keep it listed

During CZ’s AMA yesterday, the Binance CEO briefly touched on XRP and admitted that the exchange doesn’t consider XRP to be a security, and until they are, they’ll continue to list the project.

When asked “Do you have any announcement for XRP?,” CZ admitted that if he talks about XRP anymore he’ll 'become one of the XRP armies', but went on to state, with reference to the XRP lawsuit, that our society tends to jump to conclusions, “It’s very typical in our society that as soon as there is any accusation against you, you're assumed guilty by many parties.” Speaking about Binance's view of whether XRP is a security or not, CZ notes “Our judgment is they’re not, and until proven that they are, we listed them, and luckily we dragged other exchanges to list them.”

Read more: CZ Binance in AMA speaks on delisting, launchpad, Binance DEX, and more

This is a good thing. As CZ explains, it’s a step towards creating a less judgemental society. “Just because there's a lawsuit doesn't mean they're guilty,” he said, adding that they’ll apply their own judgments and continue to support XRP.

The Binance chief executive concludes by saying that XRP receives a lot of flack for being too centralized, but if you look at the market, XRP is one of the largest market cap coins, “and it’s like that for a reason.”

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