XRP Relisted on Coinbase and Multiple Exchanges After Landmark Ruling in SEC v. Ripple Labs Case, Fuels Surge in Trading and Market Position
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Coinbase, a well-known cryptocurrency exchange, has decided to relist XRP on its platform. This decision comes after a significant ruling in the case between the US Securities and Exchange Commission (SEC) and Ripple Labs.
However, the ruling seems to have positively impacted other exchanges as well, as they have also resumed trading XRP.
BREAKING: Coinbase to relist Ripple $XRP.
— Watcher.Guru (@WatcherGuru) July 13, 2023
XRP holders can now buy, sell, and trade cryptocurrency on these platforms. It’s a significant development for XRP and its community, opening up new opportunities for investors and enthusiasts alike.
XRP Relisted on Coinbase and Multiple Exchanges Following Landmark Ruling
After a significant legal ruling in the SEC v. Ripple Labs case involving XRP, multiple cryptocurrency exchanges have relisted this digital currency. Coinbase, a well-known exchange, announced on Twitter that XRP trading is now fully available on Coinbase Exchange, Coinbase Pro, and Advanced Trade.
🔥@Coinbase will relist $XRP 🥳🚀 pic.twitter.com/iX4Zjje2yh
— XRP_Cro 🛸 (@stedas) July 14, 2023
This means users can now place limit, market, and stop orders for XRP. However, Coinbase mentioned that the launch of XRP trading pairs like XRP-USD, XRP-USDT, and XRP-EUR will happen gradually as the supply of XRP becomes more established.
It’s worth noting that XRP support may be limited in certain jurisdictions. Overall, this development brings more accessibility and options for XRP traders.
Multiple Exchanges Join Coinbase in Relisting XRP After Legal Ruling
Kraken, another prominent cryptocurrency exchange, has made XRP trading available to its customers in the United States. Gemini, another popular exchange, also considers adding XRP to its trading platform.
Coinbase + Kraken
Will move forward and relist XRP pic.twitter.com/F3SO84xfaH— DJ Peter Vas (32k) (@PeterVas6) July 13, 2023
In a tweet, Gemini expressed interest in listing XRP for both spot and derivatives trading, inspired by the recent ruling declaring XRP sales on exchanges as non-securities. Bitstamp, an early adopter of XRP, has already relisted it and warmly welcomed its U.S. customers to buy, sell, and trade XRP on their platform.
Bitstamp’s announcement highlighted its role as one of the first exchanges to list XRP in 2017 and is now among the first to resume trading in the U.S.
XRP’s Relisting Spurs Market Surge and Bolsters Regulatory Confidence
However, the positive news does not stop there. Trust Capital and Bybit, among other crypto trading platforms, have either relisted XRP or are actively working towards relisting it. This widespread acceptance and support from exchanges demonstrate the growing confidence in XRP’s regulatory status.
Jake Chervinsky, a lawyer well-versed in the crypto industry, shared his belief that U.S. exchanges should feel optimistic about relisting XRP following the recent ruling.
Thereby, the market has responded enthusiastically to these developments. The price of XRP has surged, currently trading at $0.81, marking a remarkable increase of over 72% within a few hours. With a market capitalization of $43 billion, XRP has climbed to become the fourth largest cryptocurrency, trailing behind only bitcoin (BTC), ether (ETH), and tether (USDT).
Thus, these recent events underscore the shifting regulatory landscape for XRP, bringing newfound opportunities for traders and investors. The relisting of XRP on multiple exchanges and the positive market response further solidify its position in the cryptocurrency market.
