Coinbase, the successful US-based cryptocurrency exchange, has recently declared that it will once again be listing XRP. This move follows the ongoing Ripple vs. SEC lawsuit, during which Judge Torres voiced that selling XRP on exchanges doesn’t qualify as a security.
The revival of XRP by Coinbase breaks the previous trend set by its decision to delist XRP due to the SEC’s confrontation against Ripple. The latest ruling by Judge Torres has sparked conversations and considerations among other cryptocurrency exchanges.
Gemini, one cryptocurrency exchange in the mix, has publicly stated it is reviewing its position on XRP for both spot and futures trading, following the judicial clarity that emerged recently.
Coinbase made its plans clear through a post on their official Twitter handle; the post read: “Coinbase will re-enable trading for XRP (XRP) on the XRP network. Do not send this asset over other networks or your funds may be lost. If liquidity conditions are met, trading is expected to start later today. Once there is sufficient supply of this asset, trading will be phased in on our trading pairs XRP-USD, XRP-USDT, and XRP-EUR.”