In the wake of a groundbreaking ruling in the case of SEC v. Ripple Labs, Coinbase, a cryptocurrency exchange listed on Nasdaq, has relisted XRP. Several other prominent crypto exchanges have also reinstated XRP trading on their platforms.
Resurgence of XRP Trading on Crypto Exchanges
Coinbase, the Nasdaq-listed crypto exchange, announced through a tweet on Thursday afternoon:
Coinbase clarified in an earlier statement: “Once a sufficient supply of this asset is established, trading for XRP-USD, XRP-USDT, and XRP-EUR trading pairs will be rolled out in phases. However, support for XRP may be limited in certain supported jurisdictions.”
Kraken, another crypto exchange, has also made XRP trading accessible to its customers in the United States. Meanwhile, Gemini is contemplating adding XRP to its trading platform. The exchange tweeted on 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, affirming in a tweet: “Welcome back XRP! XRP trading is now available to our U.S. customers. You can once again buy, sell, or trade XRP on Bitstamp USA.” The trading platform stated:
“We have good news for XRP traders — we have resumed trading for this digital asset among our U.S. customers! Bitstamp was among the first exchanges to list XRP in 2017, and we are now among the first to resume trading in the United States.”
Legal expert Jake Chervinsky expressed his opinion in a tweet earlier on Thursday:
“In my opinion, U.S. crypto exchanges should feel confident about relisting XRP today.”
In the aftermath of the ruling, the price of XRP experienced a significant surge. At the time of writing, the cryptocurrency is being traded at $0.81, marking an increase of over 72% within a few hours. With a market capitalization of $43 billion, XRP now stands as the fourth largest cryptocurrency, trailing behind only bitcoin (BTC), ether (ETH), and tether (USDT).
Frequently Asked Questions (FAQs) about XRP trading
Q: Which cryptocurrency exchanges have relisted XRP following the SEC v. Ripple case?
A: Several cryptocurrency exchanges, including Coinbase, Kraken, Gemini, and Bitstamp, have relisted XRP for trading following the verdict in the SEC v. Ripple Labs case.
Q: What trading pairs are available for XRP on Coinbase?
Q: Has XRP trading resumed for U.S. customers on Bitstamp?
A: Yes, Bitstamp has resumed XRP trading for its U.S. customers. They were among the first exchanges to list XRP back in 2017 and are now among the first to resume trading in the United States.
Q: How has the price of XRP been affected by the ruling in the SEC v. Ripple case?
A: Following the ruling, the price of XRP experienced a significant surge, increasing over 72% within a few hours. It is currently trading at $0.81 and has become the fourth largest cryptocurrency by market capitalization.
Q: Will all crypto exchanges relist XRP for U.S. customers?
A: While several major exchanges have already relisted XRP, it is uncertain if all exchanges will follow suit. Each exchange may have its own policies and considerations when deciding to relist XRP for U.S. customers.
More about XRP trading
- SEC v. Ripple Labs case
- XRP-USD trading pair
- Bitstamp’s XRP announcement
- XRP price chart
- Cryptocurrency market capitalization
- Crypto exchange listing policies (Note: Replace “example.com” with a relevant resource)