In a significant turn of events, the ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) took an exciting twist as Judge Torres declared that the sale of XRP on exchanges does not qualify as a security.
This ruling has paved the way for cryptocurrency exchange Coinbase to announce the re-listing of XRP, a move that has garnered widespread attention within the crypto community.
Following the lawsuit filed by the SEC, Coinbase had previously made the decision to delist XRP from its trading platform.
However, in a recent statement on its official Twitter account, Coinbase revealed its intention to re-enable trading for XRP.
The exchange expressed the importance of using the XRP network for transactions and advised users not to send XRP over other networks to avoid potential loss of funds.
Coinbase outlined its plan to gradually resume XRP trading based on liquidity conditions. It stated that trading for XRP would start once sufficient supply of the asset is available.
The trading pairs XRP-USD, XRP-USDT, and XRP-EUR are expected to be phased in for trading as liquidity requirements are met.
This announcement has generated anticipation among traders and investors eager to participate in XRP trading on Coinbase once again.
Coinbase’s decision to re-list XRP marks a significant milestone in the Ripple-SEC legal battle and is seen as a positive development for Ripple Labs and its native token.
The re-listing not only provides increased liquidity for XRP but also indicates growing confidence in the legal position of Ripple and XRP within the regulatory landscape.
Moreover, this move by Coinbase highlights the importance of XRP and its potential to drive further innovation and adoption in the cryptocurrency space.