1. BITBILIHome
  2. Article

Crypto exchanges set to relist XRP after US Court ruling

• 173 views

TL;DR Breakdown

  • Several crypto exchanges are making moves to relist XRP following Ripple’s successful verdict in court.
  • Court ruling provides regulatory clarity for the token.

Description

Crypto exchanges are eagerly positioning themselves to list Ripple’s token, XRP, following a significant ruling by a U.S. federal court. The court’s decision clarified that the sale of XRP on exchanges and through algorithms does not fall under the category of investment contracts, leading to renewed interest from major exchanges. This development has prompted prominent … Read more

Crypto exchanges are eagerly positioning themselves to list Ripple’s token, XRP, following a significant ruling by a U.S. federal court. The court’s decision clarified that the sale of XRP on exchanges and through algorithms does not fall under the category of investment contracts, leading to renewed interest from major exchanges. This development has prompted prominent platforms like Coinbase, Gemini, Kraken, and Bitstamp to announce plans for the relisting and trading of XRP.

Crypto exchanges announce plans to relist the token

After the court ruling, XRP experienced a notable surge in value, with its price rising nearly 70% on Thursday, reaching its highest level since April of the previous year. This upswing underscores the market’s positive response to the regulatory clarity surrounding the digital asset.

Coinbase, one of the leading crypto exchanges, wasted no time in announcing its decision to reinstate trading for XRP. However, the platform clarified that the relisting would be contingent upon the availability of sufficient liquidity for the token on its platform. Coinbase intends to launch XRP trading in phases, starting with XRP-USD, XRP-USDT, and XRP-EUR trading pairs.

Gemini, another prominent crypto exchange, expressed its interest in exploring the listing of XRP for both spot and derivatives trading following the court ruling. By considering the addition of XRP to its trading offerings, Gemini aims to capitalize on the newfound regulatory clarity surrounding the token.

Kraken, a well-known crypto exchange, wasted no time in making XRP trading available to its U.S. user base. In a blog post, Kraken announced that U.S. residents can now deposit funds and engage in XRP trading on its platform. This move not only demonstrates Kraken’s confidence in the court ruling but also showcases the platform’s commitment to meeting the demands of its user community.

Bitstamp, a leading global liquidity venue, has also revealed its plans to re-list XRP on its exchange. In an emailed statement, Bitstamp emphasized its status as one of the earliest exchanges to list XRP, noting the token’s significance in its trading ecosystem. Furthermore, the statement mentioned that Ripple, the company behind XRP, holds a minority stake in Bitstamp.

Court ruling provides regulatory clarity for the token

The federal court’s order, partially granting a motion for summary judgment, provided crucial conclusions in the long-standing case between the U.S. Securities and Exchange Commission (SEC) and Ripple. By clarifying that the sale of XRP on exchanges does not qualify as an investment contract, the ruling has removed a significant regulatory obstacle for Ripple and XRP. This outcome has undoubtedly had a positive impact on the sentiment surrounding the token and its potential future developments.

The recent federal court ruling has sparked a wave of optimism among major cryptocurrency exchanges, leading them to prepare for the relisting and trading of Ripple’s XRP token. Coinbase, Gemini, Kraken, and Bitstamp have all voiced their intentions to make XRP available to their user bases, subject to liquidity requirements and regulatory compliance. With the market responding positively to regulatory clarity, Ripple’s XRP has experienced a substantial surge in value, signaling potential growth and opportunities for investors and enthusiasts alike.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Crypto exchanges set to relist XRP after US Court ruling

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月15日 09:50
Next 2023年7月15日 11:19

Related articles

  • BRICS bank prioritize local currencies

    TL;DR Breakdown New Development Bank (NDB) of BRICS faces challenges due to sanctions on Russia. Upcoming Johannesburg BRICS summit to discuss increasing local currency usage. Aim is to reduce risks from foreign exchange fluctuations, not just de-dollarization. Description The New Development Bank (NDB), an initiative of the BRICS nations, is facing an inevitable shift. While it was established to serve emerging economies and move away from dollar-dependence, global economic shifts are steering its path differently. Its founding member, Russia, is grappling with sanctions, prompting a reconsideration of the bank’s strategy. The local currency … Read more The New Development Bank (NDB), an initiative of the BRICS nations, is facing an inevitable shift. While it was established to serve emerging economies and move away from dollar-dependence, global economic shifts are steering its path differently. Its founding member, Russia, is grappling with sanctions, prompting a reconsideration of the bank’s strategy. The local currency solution With Johannesburg set to host a significant BRICS summit, there’s a pertinent issue on the table: ramping up local currency usage. The aim? To mitigate the risks associated…

    Article 2023年8月12日

  • Glass protocol co-founders halt the development of the platform

    TL;DR Breakdown Glass protocol co-founders have announced a staggering halt to the development of the NFT platform. Co-founders blame the harsh conditions in the industry. Description The cryptocurrency market has been a rollercoaster ride, and its effects have reverberated through various sectors within the crypto space. One such area is Non-Fungible Tokens (NFTs), where Glass Protocol, a venture-backed startup, recently faced the harsh realities of the bear market. Co-founders Sam Sends and Varun Iyer made a significant announcement on X (formerly … Read more The cryptocurrency market has been a rollercoaster ride, and its effects have reverberated through various sectors within the crypto space. One such area is Non-Fungible Tokens (NFTs), where Glass Protocol, a venture-backed startup, recently faced the harsh realities of the bear market. Co-founders Sam Sends and Varun Iyer made a significant announcement on X (formerly Twitter) that they would be discontinuing the active development of Glass Protocol due to insufficient demand for digital, tradeable video NFTs. Glass protocol blames insufficient demand for video NFTs Glass Protocol, a startup with a brief but impactful two-and-a-half-year journey, aimed…

    Article 2023年9月10日

  • IBM reveals key steps for successful digital euro implementation

    Description Digital transformation takes center stage in Europe, with the conversation heating up around the digital euro. With numerous financial juggernauts weighing in on its success, IBM’s distinctive voice provides a road map. By merging traditional strategies with forward-thinking, IBM addresses the challenge of introducing the digital euro to a diverse, ever-evolving financial ecosystem. Contents hide … Read more Digital transformation takes center stage in Europe, with the conversation heating up around the digital euro. With numerous financial juggernauts weighing in on its success, IBM’s distinctive voice provides a road map. By merging traditional strategies with forward-thinking, IBM addresses the challenge of introducing the digital euro to a diverse, ever-evolving financial ecosystem. Contents hide 1 Building On Familiar Foundations 2 Leveraging Intermediaries and Innovating Privacy 3 Decentralized Technology with Central Oversight 4 A Gradual Roll-out Approach Building On Familiar Foundations One of the most daunting tasks for any new technology is gaining initial traction. But it’s not just about creating something new—it’s about integrating seamlessly with what’s already in place. That’s precisely what IBM stresses when it delves into the…

    Article 2023年9月2日

  • Bank of England clears path for digital pound backed by Project Rosalind study

    TL;DR Breakdown BOE is advancing towards the launch of the digital pound following Project Rosalind’s positive reinforcement. Gilbert Verdian, CEO and founder of Quant, calls Britain an “epicenter of the next generation of financial systems” The Bank of England(BOE) is advancing towards the launch of the digital pound following Project Rosalind’s positive reinforcement. The project, conducted over the past year, revealed that the technology can support a “diverse range” of new money uses. Positive feedback received on the digital pound Project Rosalind was started last year and was managed by the UK institution in conjunction with the Bank for International Settlements, to identify the workings and benefits of a central bank digital currency(CBDC), particularly the digital pound. According to a report published by the BIS, the first phase of the project found that a CBDC could fasten individual payments and make transactions easier. Firms could also introduce the latest financial products with the additional benefit of lower fraud rates using a “digital pound” CBDC. In addition, it brings about the concept of money “programmability,” allowing payments, for example, to settle…

    Article 2023年6月19日

  • Elon Musk Cautions Against Crypto Bets: What It Means for Dogecoin and the Market

    TL;DR Breakdown Elon Musk advises against making reckless bets on cryptocurrencies, signaling a shift in tone and raising questions about the future of Dogecoin and the broader crypto market. Musk’s cautionary message prompts a reevaluation of Dogecoin’s sustainability, highlighting the cryptocurrency’s dependency on his influence. In the ever-evolving world of cryptocurrency, Elon Musk’s tweets have become catalysts for both excitement and speculation. The Tesla CEO has shown a fondness for Dogecoin, a meme-inspired digital currency that gained popularity in recent years. However, in a recent tweet, Musk delivered a cautious message to crypto enthusiasts, advising against making reckless bets on digital assets. This statement has sparked conversations and raised questions about the future of Dogecoin and its impact on the broader crypto market. In this article, we delve into Musk’s remarks and explore their potential implications. Elon Musk has undoubtedly become a prominent figure in the crypto space. His tweets about cryptocurrencies often lead to significant price fluctuations, causing both excitement and concern among investors. Musk’s tweets have the power to sway market sentiment and ignite buying or selling frenzies….

    Article 2023年5月25日
TOP