Binance CEO Says Exchange Doesn’t Consider XRP a Security

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Binance CEO Changpeng “CZ” Zhao continued his push toward transparency with a recent AMA where he covered everything from decentralized exchanges to the Binance ecosystem.

Perhaps the most notable statement was related to the current status of XRP (XRP), the cryptocurrency created by Ripple that many believe should be classified as a security.

CZ touched on the subject in response to the question, “Do you have any announcement for XRP?”, noting that the crypto ecosystem is very unforgiving when it comes to opinions on XRP, one way or the other.

“It’s very typical in our society that as soon as there is any accusation against you, you’re assumed guilty by many parties,” said CZ. “Our judgment is they’re not, and until proven that they are, we listed them, and luckily we dragged other exchanges to list them.”

This is an interesting take, especially after CZ revealed that he is interested in a partnership with Ripple to use its cross-border payment platform, xRapid.

“We’re focused on launching more features right now, so we are working with a number of other partners. With xRapid, there’s nothing going on right now, but in the future, we’ll definitely want to add them as a partner,” CZ said in a recent live Periscope video.

XRP is currently flat on the day to $0.316096, bringing the altcoin to a $13.09 billion market cap.

More: AMA with CZ: On Delisting, DEX, Launchpad, and More
Binance Research: Can JPM Coin Disrupt the Existing Stablecoin Market?

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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