Binance CEO: XRP is not a security

Binance CEO Changpeng Zhao stated that Binance does not believe that XRP is a security.
Zhao said that XRP should be considered innocent until it is proved guilty.

Rajarshi Mitra Independent Analyst

The co-founder and CEO of Binance, Changpeng Zhao, aka CZ, stated that Binance doesn’t believe that XRP is a security. Speaking during his second Ask Me Anything (AMA) session on Periscope, CZ insisted that Binance will continue to see XRP as innocent until proven guilty.

When asked if he had any announcement regarding XRP, CZ replied:

"People are aware that there is a lawsuit against XRP on whether they are a security or not. Our judgement is that they are not. And until it's proven that they are, we listed them, and luckily we dragged other exchanges to list them. That's good thing... Just because there's a lawsuit doesn't mean they are guilty. So, we applied our judgement there, and we're always very supportive of XRP. There's a lot of guys who complain that it's overly centralized, but look, the market votes with their feet, and XRP is one of the largest market cap coins, and it's like that for a reason."

Author

Rajarshi Mitra

Independent Analyst

Rajarshi entered the blockchain space in 2016. He is a blockchain researcher who has worked for Blockgeeks and has done research work for several ICOs. He gets regularly invited to give talks on the blockchain technology and cryptocurrencies.

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