- Coinbase, the largest cryptocurrency exchange in the United States, announced today that it will be relisting Ripple’s XRP token for trading.
- Following the Securities and Exchange Commission’s (SEC) lawsuit against XRP, Coinbase had suspended trading of XRP and delisted it from the platform on January 19, 2021.
- The move to relist XRP is not only coming from Coinbase. Gemini, another prominent exchange, also announced that it is considering listing XRP following the court’s decision that XRP is not a security.
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Following the US judge’s ruling on XRP in the Ripple – SEC case, Coinbase exchange has decided to relist XRP.
Coinbase Makes the Decision to Relist XRP
Coinbase, the largest cryptocurrency exchange in the United States, announced today that it will be relisting Ripple’s XRP token for trading. This decision comes after the court ruled that XRP is not a security.
Following the SEC’s lawsuit against XRP two years ago, Coinbase suspended trading and delisted XRP from its platform on January 19, 2021. Many other exchanges also delisted XRP as a result of this lawsuit, including eToro, Binance US, Crypto.com, Blockchain.com, and Bitstamp.
You Might Also Like: Europe’s First Spot Bitcoin ETF is Getting Ready to Debut Last month, the SEC filed lawsuits against Coinbase and Binance exchanges as well, in addition to its previous lawsuit against XRP.
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Exchanges Can Take Action for XRP
The move to relist XRP is not limited to Coinbase. The cryptocurrency exchange Gemini also announced that it is considering listing XRP for spot and derivative trading, stating:
“Considering today’s decision that XRP sales on exchanges are not securities, Gemini is exploring the listing of XRP for spot and derivative trading.”
Furthermore, iTrustCapital, a U.S.-based cryptocurrency exchange, announced that they have relisted XRP on their platform.
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