Coinbase Reintroduces XRP (XRP) Trading for New York Users Amid Regulatory Clarity

  • The XRP cryptocurrency is now available for trading in New York for Coinbase users.
  • Coinbase had suspended XRP trading in January 2021 following a lawsuit by the U.S. Securities and Exchange Commission (SEC) against Ripple.
  • “We heard you and put in the work in strong partnership with the State. And now the word can be put out— we are back up,” said Paul Grewal, Coinbase’s top lawyer.

Coinbase relists XRP for New York traders, marking a significant development in the cryptocurrency landscape.

Coinbase Relists XRP in New York

Coinbase has announced that XRP is now available for trading in New York, a significant move for the cryptocurrency market. This development comes after a prolonged suspension that began in January 2021, following the SEC’s lawsuit against Ripple. The relisting is a testament to Coinbase’s efforts to comply with New York’s stringent regulatory framework.

Background of the Suspension

In January 2021, Coinbase suspended XRP trading due to legal uncertainties stemming from the SEC’s allegations that Ripple’s XRP token was an unregistered security. This suspension affected numerous traders and investors, leading to a significant drop in XRP’s market value. The recent court ruling that secondary sales of XRP are not securities has paved the way for its relisting on various platforms, including Coinbase.

New York’s Regulatory Landscape

New York is known for its stringent cryptocurrency regulations, primarily governed by the “BitLicense” framework. This regulatory environment makes it challenging for cryptocurrency exchanges to operate within the state. Coinbase’s successful relisting of XRP in New York indicates that the exchange has met the necessary regulatory requirements, a significant achievement in the highly regulated market.

Impact on the Market

The relisting of XRP in New York is expected to have a positive impact on its market performance. The increased accessibility for traders in one of the most regulated markets in the U.S. could lead to a surge in trading volume and potentially boost XRP’s price. Additionally, this move may restore investor confidence in XRP, which has been under scrutiny since the SEC’s lawsuit.

Future Outlook

With XRP now available for trading in New York, the cryptocurrency is likely to see increased adoption and trading activity. This development could also influence other exchanges to follow suit, further expanding XRP’s market reach. As regulatory clarity improves, the cryptocurrency market may witness more such positive developments, fostering a more robust and compliant trading environment.


The relisting of XRP on Coinbase for New York traders marks a significant milestone in the cryptocurrency’s journey. It highlights the importance of regulatory compliance and the potential for market recovery following legal challenges. As the cryptocurrency landscape continues to evolve, such developments will play a crucial role in shaping its future trajectory.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

Latest News

Binance Appeals $4.4M FINTRAC Fine and Plans Canadian Market Exit in 2023

Binance is currently disputing a...

Dogecoin Whales Reduce Holdings Dramatically, Opening Opportunities for Smaller Investors

Large Dogecoin ($DOGE) investors, commonly referred to as...

Is Now the Optimal Time to Invest in Solana (SOL) Amid Market Dip?

Solana, a prominent altcoin following Ethereum and...

PRO Analysis

Lucien Renard
Lucien Renard
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.

Binance Appeals $4.4M FINTRAC Fine and Plans Canadian Market Exit in 2023

Binance is currently disputing a hefty $4.4 million fine imposed by Canada's financial watchdog, FINTRAC, over allegations of AML and...

Changelly Predicts Shiba Inu (SHIB) Price Surge to $0.00002495 by July Amid Bullish Market Sentiment

The cryptocurrency market continues to be abuzz with predictions, and Shiba Inu (SHIB) is the latest to capture attention. ...

Bitcoin Market Faces Turmoil as Miner Capitulation and ETF Outflows Increase Selling Pressure

The recent downturn in the cryptocurrency market has sparked widespread concern among investors and analysts alike. A...