“It’s time to put it back on sale”. Those were the words of Coinbase Chief Legal Officer Paul Grewal yesterday about the Ripple’s XRP after he won a small battle against the SEC. Indeed, the court ruled yesterday confirming that certain transactions with the XRP did not constitute the sale of securities and were therefore not securities.
Coinbase goes back to XRP
It is therefore in a tweet published yesterday evening that the crypto platform led by Brian Armstrong has explained :
” Coinbase will reactivate trading for XRP (XRP) on the XRP network. Do not send this asset to other networks or your funds may be lost. Transfers for this asset remain available on Coinbase (…) Trading is expected to begin later today, if liquidity conditions are met. Once a sufficient supply of this asset is established, trading on our XRP-USD, XRP-USDT and XRP-EUR trading pairs will be launched in phases. Support for XRP may be limited in some supported jurisdictions. »
And Coinbase does not seem to be the only one to turn around since the other exchanges have also expressed their desire to list the exchange.
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Gemini therefore also followed the movement since it also declared in a tweet :
“Given today’s decision that selling XRP on exchanges is not a security, Gemini is exploring the listing of XRP for spot trading and derivatives. »
Kraken and Crypto.com also followed suit and also reopened their XRP trading services. It should also be noted that Binance expressed its joy for the ecosystem at the results of the Ripple lawsuit against the SEC, but did not, however, follow its colleagues in the listing of XRP.
While everyone is reaching out to XRP again, it seems like it’s not complaining. Proof of this is that its price has appreciated and has increased by more than 80% yesterday, reaching the highest levels since 2022. However, it should be noted that the half-hearted response of Judge Torres in this case, who certainly defended Ripple’s crypto, also knew how to underline the illegal nature of certain transactions with XRP in particular on the institutional side. To be continued.
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