XRP leading with highest average trade size on Coinbase
This is as XRP continues to maintain robust trade volume despite its price dipping. At the time of writing, XRP was down 1.63% in the last 24 hours to $0.497.research, XRP held its ground with the highest average trade size on Coinbase among the top 10 altcoins by market cap, despite a slight dip. Notably, XRP had the biggest average trade size on Coinbase, surpassing SOL, DOGE, LTC, ADA, MATIC and DOT at September's start.
Now the SEC has filed its motion requesting an early appeal in the case, with Ripple striking back in its latest filing. Ripple has informed the Court that if the SEC is granted leave to appeal, it intends to file a cross-appeal on institutional sales. It also stated unequivocally that it would fight any attempt to classify post-complaint sales to ODL clients as investment contracts.
In opposition to the SEC's motion to certify an interlocutory appeal, Ripple indicated it will cross-appeal on the statutory interpretation issue of the scope of the term"investment contract" and the need for rights to be granted to the buyer or obligations imposed on the seller.
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