Singaporean crypto exchange KuCoin has added a new trading pair with the XRP cryptocurrency, bucking the broader delisting trend triggered by the SEC's complaint against Ripple Labs.
Holders of the controversial token are now able to trade it against USD Coin (USDC), the second-largest stablecoin by market cap. According to
data provided by Messari, the XRP/USDT trading pair recorded over $4.5 million worth of trading volume over the past 24 hours. Earlier this month, Binance.US delisted XRP after it was recognized as an unregistered security by the SEC, while Coinbase and a slew of exchanges indefinitely suspended trading.
A few exchanges, such as Uphold and Gatehub, have refused to delist XRP until there is a court decision in the Ripple case. KuCoin, however, is the first major exchange to actually list a new trading pair since the complaint became public.