Cryptocurrency exchanges do not remain silent on Ripple’s victory. Accordingly, the leading crypto exchange Coinbase is among the exchanges to list XRP. The exchange has announced its plans to relist Ripple (XRP) when liquidity conditions are favorable.
Coinbase will relist Ripple (XRP)!
cryptocoin.comAs you follow, the crypto ecosystem has gained huge bullish momentum today after the significant gain of Ripple Labs and XRP on the United States Securities and Exchange Commission (SEC). To complement the excitement created by Judge Analisa Torres when she declared that XRP is not an investment contract, the exchange Coinbase has announced that it will relist the digital currency for trading on its platform.
Coinbase is the largest crypto trading platform in the United States. The exchange said it will “re-enable trading for XRP (XRP) on the XRP network.” The trading platform warned its clients not to send the cryptocurrency to other networks as their funds could be permanently lost. The exchange said that trading of the digital currency will be activated once liquidity conditions are met. In this context, Coinbase made the following statement on its official Twitter account:
If liquidity conditions are met, trading is expected to start later today. Once there is sufficient supply of this asset, trading in the trading pairs XRP-USD, XRP-USDT and XRP-EUR will be phased out. XRP support may be restricted in some supported jurisdictions.
Coinbase became one of the first exchanges to delist the XRP coin after the market regulator sued Ripple Labs in December 2020, alleging that the asset is an investment contract. This decision received many significant reactions. It has also rekindled its commitment to the token, with the exchange’s clearer stance on the status of XRP.
Meanwhile, Coinbase has a pending lawsuit against the United States SEC. Many are optimistic that the XRP win will help in their own defense against the regulator.
XRP is not getting enough of records today!
The positive sentiment surrounding Ripple has also had an impact on the XRP price. At the time of writing, the token was trading at $0.8186, up more than 74% in the past 24 hours. This was a clear indication that the latest development has sparked a massive rally in the price of the cryptocurrency.
The relisting on Coinbase comes after rival exchange Uphold went almost offline after a massive retail takeover of the exchange’s XRP coin. Overall, the positivity in the XRP market helps fuel a resurgence that has seen Bitcoin (BTC) retest the psychologically important level above $31,000.
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