1. BITBILIHome
  2. Article

Gemini Teases XRP Relisting Soon Following Ripple’s SEC Lawsuit Victory

• 52 views

TL;DR Breakdown

  • Gemini teases the potential relisting of XRP following Ripple’s legal win against the SEC, which has led to a surge in XRP’s trading volume and price.
  • Gemini’s CEO, Cameron Winklevoss, expresses optimism about Bitcoin accumulation, as spot Bitcoin ETF filings signal growing institutional interest in the leading cryptocurrency.

Description

United States-based cryptocurrency exchange Gemini has hinted at plans to relist the XRP token on its platform, following Ripple‘s recent legal victory in the U.S. Securities and Exchange Commission (SEC) lawsuit. The development comes in the wake of several top crypto exchanges, including Coinbase and Kraken, already reinstating XRP trading after the July 13, 2023 … Read more

United States-based cryptocurrency exchange Gemini has hinted at plans to relist the XRP token on its platform, following Ripple‘s recent legal victory in the U.S. Securities and Exchange Commission (SEC) lawsuit. The development comes in the wake of several top crypto exchanges, including Coinbase and Kraken, already reinstating XRP trading after the July 13, 2023 Summary Judgment by Judge Analisa Torres. Her ruling effectively reopened the doors for XRP trading on U.S. exchanges, as it clarified that XRP sales do not fall under securities regulations. Consequently, XRP trading volumes surged, and the token’s price experienced an immediate 60% jump.

Contents
hide

1
Gemini CEO Expresses Bullish Sentiment on Bitcoin Accumulation

2
The Road to Relisting

3
Gemini’s Potential Relisting Decision

4
Conclusion

Gemini CEO Expresses Bullish Sentiment on Bitcoin Accumulation

On July 13, Gemini revealed its intentions to explore listing XRP for both spot and derivatives trading on its platform, taking into account the favorable ruling in favor of Ripple. Adding fuel to the speculation, the official Twitter handle of Gemini responded to a user query about the possible relisting of XRP with a ‘Thinking Face Emoji,’ further hinting at the exchange’s plans.

In a separate development, Cameron Winklevoss, the co-founder, and CEO of Gemini, expressed a bullish sentiment surrounding Bitcoin accumulation. Winklevoss stated that the recent flurry of spot Bitcoin ETF filings marked the beginning of a significant accumulation of Bitcoin. This statement indicates his positive outlook on the future price movement and adoption of the leading cryptocurrency.

The Road to Relisting

Ever since the SEC filed a lawsuit against Ripple Labs, the company behind XRP, in December 2020, many major cryptocurrency exchanges in the United States suspended XRP trading to avoid potential legal ramifications. However, on July 13, 2023, Judge Analisa Torres handed down a Summary Judgment that favored Ripple, signaling a turning point for the embattled token. The ruling clarified that XRP did not meet the definition of security, bringing relief to the XRP community and paving the way for its return to trading platforms.

Coinbase and Kraken were among the first exchanges to announce the reinstatement of XRP trading following the court’s decision. Now, it seems that Gemini is also preparing to relist the token, as indicated by the exchange’s official Twitter response, which has sparked speculation among traders and investors alike.

Upon the news of XRP’s possible relisting, the token’s trading volumes experienced a notable surge, reflecting renewed interest and confidence in the asset. The price of XRP also skyrocketed by as much as 60% shortly after the Judge’s ruling, suggesting a substantial positive sentiment among market participants.

Gemini’s Potential Relisting Decision

As one of the leading cryptocurrency exchanges in the United States, Gemini’s potential relisting of XRP could have a significant impact on the token’s trading volume and price dynamics. With XRP being relisted on multiple prominent platforms, liquidity for the token is expected to increase further, making it more accessible to a broader range of investors.

Beyond the XRP relisting news, Gemini’s CEO, Cameron Winklevoss, expressed bullish sentiment towards Bitcoin, highlighting the recent surge in spot Bitcoin ETF filings as an indicator of significant Bitcoin accumulation. The influx of institutional interest and investment in Bitcoin is seen as a positive sign for the cryptocurrency’s future growth and adoption.

Conclusion 

The possible relisting of XRP on Gemini’s platform signals a promising future for the token following the favorable SEC lawsuit outcome for Ripple. If Gemini does proceed with the relisting, it could further boost XRP’s trading volume and price trajectory, while also solidifying the token’s position in the cryptocurrency market. Additionally, Cameron Winklevoss’ optimism surrounding Bitcoin accumulation indicates growing institutional interest in the leading cryptocurrency, setting the stage for potential further price appreciation and mainstream adoption.

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:Gemini Teases XRP Relisting Soon Following Ripple’s SEC Lawsuit Victory

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22日 17:05
Next 2023年7月22日 19:38

Related articles

  • I asked ChatGPT: When is the next crypto bull run if we are ever going to have one again?

    TL;DR Breakdown ChatGPT-4 provides insights into the possible timing and indicators of the next cryptocurrency ‘bull run’. Bull runs typically follow bear markets, suggesting a possible resurgence as market stability and investor confidence return. GPT-4 speculates the next bull run could potentially occur within the next 6 to 8 months based on recovery patterns from previous bear markets. As investors globally grapple with the aftermath of the 2022 cryptocurrency winter, a burning question lingers on everyone’s lips: “When is the next crypto bull run if we are ever going to have one again?” In search of answers, we sought insights from the cutting-edge AI language model, ChatGPT, to explore the potential trajectory of the cryptocurrency market. Market cycles and bull runs As we delve into this labyrinthine world of cryptocurrency, GPT-4 offers a unique perspective based on its extensive understanding of the subject. This AI model acknowledges the inherent difficulty in predicting exact timeframes for a bull run but underlines the cyclic nature of the cryptocurrency market as a potential predictor. It highlights that bull runs have historically succeeded bear…

    Article 2023年6月9日

  • Abu Dhabi regulator grants Rain exchange approval for crypto services

    TL;DR Breakdown Abu Dhabi has granted permission to Rain exchange to offer its brokerage and custody services in the country. UAE continues its progressive stance towards crypto Description The Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority has recently granted financial services permission to cryptocurrency firm Rain, enabling it to offer brokerage and custody services to residents in the United Arab Emirates (UAE). The regulatory approval marks a significant milestone for Rain, as it allows both institutional and retail users to engage … Read more The Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority has recently granted financial services permission to cryptocurrency firm Rain, enabling it to offer brokerage and custody services to residents in the United Arab Emirates (UAE). The regulatory approval marks a significant milestone for Rain, as it allows both institutional and retail users to engage in buying, selling, trading, and securely storing virtual assets through their platform. Abu Dhabi clears rain to offer retail and institutional services Rain’s CEO, Joseph Dallago, expressed the company’s excitement at receiving the regulatory green light, stating that they…

    Article 2023年7月27日

  • Investors uncertain as central banks interest rates reach apex

    TL;DR Breakdown Both European Central Bank (ECB) and the US Federal Reserve hint at a possible end to the continual rise in interest rates, creating investor uncertainty. The steady decline in inflation across the US and the Eurozone signals a potential peak in interest rates. The Eurozone economy is weakening, while the US shows relative resilience despite uncertainties. Description It’s a tense time for investors as central banks’ interest rates appear to be plateauing. The European Central Bank (ECB) and the US Federal Reserve have recently cast doubt on the previously inexorable rise of interest rates, signaling a potential peak. Steadying the ship: No more ascending rates? There’s a change in the air at … Read more It’s a tense time for investors as central banks’ interest rates appear to be plateauing. The European Central Bank (ECB) and the US Federal Reserve have recently cast doubt on the previously inexorable rise of interest rates, signaling a potential peak. Steadying the ship: No more ascending rates? There’s a change in the air at the ECB. After a consistent upward trajectory in…

    Article 2023年7月29日

  • Has Ethereum fallen into the hands of a powerful ‘cartel’?

    TL;DR Breakdown Controversial reports point to the possibility of Ethereum being influenced by a group of powerful miners known as the “Ethereum Cartel.” The Ethereum Cartel allegedly controls a significant portion of the network’s mining power, potentially giving them the ability to manipulate transactions and prioritize their own interests. Critics argue that the concentration of mining power within the Ethereum Cartel threatens the decentralized nature of the network and undermines the principles of transparency and fairness. Ethereum proponents say that Ethereum 2.0’s switch from PoW to PoS consensus will reduce miners’ influence and promote decentralization. Is Ethereum under siege? The Ethereum ecosystem is embroiled in a controversy over the outsized impact one of its staking pools, Lido Finance (LDO), has on the network as a whole. Anthony Sassano, the proprietor of The Daily Gwei and independent Ethereum educator, is credited with sparking the centralization concerns with a tweet.  Ethereum faces controversial issues over centralization The current controversy encircling the Ethereum ecosystem concerns liquid staking derivatives or LSDs, and Lido Finance in particular. Many of my fellow Ethereans are going to…

    Article 2023年6月7日

  • Grayscale gets ready for BTC ETF approval with a new team

    TL;DR Breakdown Grayscale Investments sets in stone its team expansion amid the Bitcoin ETFs drama with the United States SEC. Grayscale has posted two job positions on LinkedIn – that of a – product specialist and senior associate to assist its ETF team, and the positions have garnered over 50 applications. Bloomberg reports that U.S. securities regulators are poised to approve ether (ETH) futures exchange-traded funds for trading. Description Grayscale Investments announced on Thursday that it is expanding its ETF team in anticipation of a decision in its litigation against the Securities and Exchange Commission (SEC). As a result of BlackRock’s ETF registration, the price of Bitcoin soared in June. However, the approval faces a significant obstacle because the SEC has been sued for … Read more Grayscale Investments announced on Thursday that it is expanding its ETF team in anticipation of a decision in its litigation against the Securities and Exchange Commission (SEC). As a result of BlackRock’s ETF registration, the price of Bitcoin soared in June. However, the approval faces a significant obstacle because the SEC has been…

    Article 2023年8月18日
TOP