Coinbase has said it will resume XRP trading after a federal court ruled that some transactions on exchanges do not constitute a sale of securities.
“Coinbase will resume XRP (XRP) trading on the XRP network,” the post reads. companies. “Do not send this asset across other networks or your funds may be lost. Transfers for this asset remain available on Coinbase and CoinbaseExch in regions where trading is supported.”
“Trading is expected to start later today if liquidity conditions are met. Once enough of this asset is established, trading on our XRP-USD, XRP-USDT and XRP-EUR trading pairs will be launched in stages. XRP support may be limited in some supported jurisdictions.”
Many cryptocurrency exchanges in the US stopped trading XRP at the end of 2020 when the agency sued Ripple.
A number of trading firms have also stopped trading in the token, which is closely associated with Ripple.
Gemini is also looking into XRP listing.
Cryptocurrency exchange Gemini previously stated that it was exploring the possibility of re-listing XRP.
“Given today’s decision that selling XRP on exchanges is not a security, Gemini is looking into listing XRP for both spot and derivatives trading,” the tweet reads. exchanges.
XRP up more than 80%reaching the highest level since April 2022.