The Nasdaq-listed cryptocurrency exchange Coinbase has relisted XRP following a landmark ruling in the U.S. Securities and Exchange Commission (SEC) v. Ripple Labs case. Several other crypto exchanges have also resumed trading of XRP.
Crypto Exchanges Bring Back XRP Trading
Following the landmark ruling in the U.S. Securities and Exchange Commission (SEC) v. Ripple Labs case regarding XRP, multiple cryptocurrency exchanges have relisted the cryptocurrency.
The Nasdaq-listed crypto exchange Coinbase tweeted Thursday afternoon:
Our XRP-USD trading pair is now in full-trading mode on Coinbase Exchange, Coinbase Pro, and Advanced Trade. Limit, market, and stop orders are all now available.
Coinbase explained earlier: “Once sufficient supply of this asset is established trading on our XRP-USD, XRP-USDT, and XRP-EUR trading pairs will launch in phases. Support for XRP may be restricted in some supported jurisdictions.”
Crypto exchange Kraken has also made XRP trading available for U.S. customers. Meanwhile, Gemini is considering making XRP available on its trading platform. The crypto exchange tweeted Thursday: “Given today’s ruling that the sale of XRP on exchanges is not a security, Gemini is exploring the listing of XRP for both spot and derivatives trading.”
Bitstamp has already relisted XRP, tweeting: “Welcome back XRP! XRP trading is available in the U.S. now for our U.S. customers. You can once again buy, sell, or trade XRP on Bitstamp USA.” The trading platform wrote:
Good news for XRP traders — we have resumed trading for the digital asset for our U.S. customers! Bitstamp was one of the first exchanges to list XRP in 2017, and we are now one of the first exchanges to resume trading in the U.S.
Several other crypto trading platforms have either relisted XRP or are in the process of doing so, including Trust Capital and Bybit.
Lawyer Jake Chervinsky tweeted earlier Thursday:
My sense is U.S. crypto exchanges should feel good about relisting XRP today.
The price of XRP skyrocketed after the ruling. At the time of writing, the crypto is trading at $0.81, up more than 72% over the past few hours. With a market capitalization of $43 billion, XRP is now the fourth largest cryptocurrency, trailing only behind bitcoin (BTC), ether (ETH), and tether (USDT).
Do you think all crypto exchanges will relist XRP for U.S. customers? Let us know in the comments section below.
