Coinbase, Binance.US and other top crypto exchanges are restoring trading support for XRP following Thursday’s landmark ruling in the US Securities and Exchange Commission (SEC) lawsuit against Ripple Labs.
Top US crypto exchange Coinbase listed again XRP on Thursday followed by Binance.US one day later.
Had both exchanges suspended XRP traded a few weeks after the SEC launched its lawsuit against Ripple in late 2020.
They are not the only exchanges to restore XRP support for US users. creak And Bit stamp also listed the asset again on Thursday, and Gemini said it was “exploring XRP’s listing for both spot and derivatives trading.”
The SEC alleged that Ripple was selling XRP as an unregistered security, but Judge Analisa Torres sent shockwaves through the crypto ecosystem on Thursday when she ruled that the San Francisco payments firm’s automated, open-market sale of XRP did not constitute a security sale.
However, she sided with the SEC in claiming that Ripple’s direct sales of XRP to institutional participants did indeed represent a securities offering. The court plan to issue a separate order setting a trial date for Ripple and the SEC “in due course”.
XRP is trading at USD 0.720 at the time of writing. The fifth-ranked crypto asset by market capitalization is up nearly 52% since Thursday morning, but is down 9.62% in the past 24 hours.
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Image generated: Midway through the journey