{"id":35505,"date":"2023-07-14T05:23:19","date_gmt":"2023-07-14T09:23:19","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/coinbase-and-other-exchanges-relist-xrp-after-court-ruling-against-sec\/"},"modified":"2023-07-14T05:23:20","modified_gmt":"2023-07-14T09:23:20","slug":"coinbase-and-other-exchanges-relist-xrp-after-court-ruling-against-sec","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=35505","title":{"rendered":"Coinbase And Other Exchanges Relist XRP After Court Ruling Against SEC"},"content":{"rendered":"
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US crypto exchanges Coinbase, Kraken, Gemini, Crypto.com and Bitstamp have announced to relist XRP after a US federal court ruled that selling the token on exchanges did not constitute an investment contract.\u00a0<\/p>\n

The entire ruling was not in favor of Ripple as Judge Torres made it clear that institutional sale of the tokens did violate federal securities laws.<\/p>\n

The price of XRP shot up as much as 70% after Ripple scored a partial win against the US Securities Exchange Commission (SEC) on Thursday.\u00a0<\/p>\n

After the federal court\u2019s ruling, US crypto exchanges announced plans to relist the layer one token.\u00a0<\/p>\n

The leading US-based crypto exchange Coinbase announced in a tweet<\/a> on Thursday that they will re-enable trading for XRP (XRP) on the XRP network.\u00a0<\/p>\n

“Once sufficient supply of this asset is established trading on our XRP-USD, XRP-USDT and XRP-EUR trading pairs will launch in phases,” the crypto exchange added.<\/p>\n

At the time of writing, XRP trading is live on the US-based exchange.\u00a0<\/p>\n

US Crypto Exchanges Embrace XRP\u00a0<\/h2>\n

After Coinbase, Gemini also announced its plans to relist XRP on its platform.\u00a0<\/p>\n

The exchange announced that given the latest 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.<\/p>\n

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Kraken announced in a blog post that XRP trading is now live on its platform for U.S. users.<\/p>\n

Joining the list of exchanges embracing XRP, Bitstamp said that they have resumed trading of XRP in the US effective immediately following the federal court\u2019s ruling in Ripple\u2019s case.\u00a0<\/p>\n

US-based exchange Crypto.com tweeted<\/u><\/a>, \u201cXRP is back in the US.\u201d The cryptocurrency is now available for trading on the Crypto.com app, the exchange announced.\u00a0<\/p>\n

Altcoins Rally Following Court Ruling Against SEC<\/h2>\n

XPP and other altcoins skyrocketed Thursday as the US court partially granted a motion for summary judgment in the SEC\u2019s lawsuit against Ripple.\u00a0<\/p>\n

XRP is currently trading at $0.7889, price level it had not seen since April last year.\u00a0<\/p>\n

Cardano (ADA), Solana(SOL), and Polygon (MATIC) also registered a huge surge in their prices as they jumped 25%, 31% and 19% in the last 24 hours respectively.\u00a0<\/p>\n

Stellar (XLM) is currently trading at $0.1528, up 58% since the federal court\u2019s ruling.\u00a0<\/p>\n

The US SEC has deemed over 60 cryptocurrencies as security in its different lawsuits against different crypto firms.\u00a0<\/p>\n

The latest court ruling in Ripple\u2019s case does not conclude the lawsuit as the case could still go to trial or be appealed.\u00a0
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