Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
A federal judge has decreed that Ripple's direct sales of XRP to institutional investors contravened securities law; however, the judge determined that the company's automated sales to retail investors via exchanges were not in violation.
Terraform Labs contended that the sale of UST to retail investors did not involve any contractual obligations.
Towards the end of 2019, Ripple (XRP) was ranked the third-largest cryptocurrency by market cap of USD13.37 billion. The first and second-largest are Bitcoin (BTC) at USD20 billion and Ethereum (ETH) at USD 24.18 billion.
XRP is still available in the U.S. With the Ripple (CCC: XRP-USD) lawsuit still underway it’s difficult for investors interested in the cryptocurrency to actually buy it. That’s due to many crypto exchanges delisting it from their platforms. Even so, Ripple investors aren’t completely out of luck.
How to Invest in Ripple (XRP)
To buy Ripple XRP with Bitcoin, first create an account on an exchange with a XRP BTC pairing. A full list of exchanges which support this trading pair is available here . Then create another account on the exchange that you'll use to buy the Bitcoin (if the exchange you're using to buy Bitcoin doesn't support XRP).
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