1. BITBILIHome
  2. Article

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

• 100 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

  • Valkyrie seeks to convert its Bitcoin ETF to a Bitcoin and Ether dual offering

    TL;DR Breakdown Valkyrie plans to convert its Bitcoin ETF to a Bitcoin and Ether ETF by October 3, 2023. ProShares and Bitwise are also planning similar dual-crypto ETFs. The rise of crypto-focused ETFs in 2023 highlights increasing interest in digital assets. Description Financial powerhouse Valkyrie aims to innovate its current Bitcoin Strategy exchange-traded fund (ETF) by adding Ether to its portfolio, creating a novel strategy for the digital assets market. According to filings scheduled for October 3, 2023, the firm intends to revamp its existing ETF into a Bitcoin and Ether Strategy ETF. Valkyrie’s current ETF, traded … Read more Financial powerhouse Valkyrie aims to innovate its current Bitcoin Strategy exchange-traded fund (ETF) by adding Ether to its portfolio, creating a novel strategy for the digital assets market. According to filings scheduled for October 3, 2023, the firm intends to revamp its existing ETF into a Bitcoin and Ether Strategy ETF. Valkyrie’s current ETF, traded on Nasdaq, primarily invests in Bitcoin futures contracts. In an attempt to outpace the competition, Valkyrie’s proposal date is strategically planned to precede the launches…

    Article 2023年8月6日

  • Biden turns to island leaders in China face-off

    TL;DR Breakdown Biden hosts a three-day summit with Pacific Island leaders to reinforce U.S. influence and counteract China’s increasing presence in the region. The summit focuses on strengthening diplomatic ties, with the U.S. recognizing the Cook Islands and Niue, while also pledging over $810 million in aid, though funds await Congress approval. Mixed reactions from Pacific nations, with some leaders skipping the summit and others skeptical about becoming pawns in a U.S.-China geopolitical tug of war. Description Pacific Island nations, pivotal players in geopolitical jockeying, have captured Biden’s attention, as the US aims to reinforce its influence in a region where China has made significant inroads. The three-day summit, initiated by Biden, showcases America’s commitment to these island nations and sends an indirect message to China: the Pacific is not for sale. … Read more Pacific Island nations, pivotal players in geopolitical jockeying, have captured Biden’s attention, as the US aims to reinforce its influence in a region where China has made significant inroads. The three-day summit, initiated by Biden, showcases America’s commitment to these island nations and sends an…

    Article 2023年9月26日

  • EU’s ESMA issues key advisory on crypto regulation as firms eye expansion

    TL;DR Breakdown ESMA warned investment firms about crypto regulation. The agency stressed investor protection risks in unregulated crypto assets. Despite warnings, crypto firms like Gemini and Kraken are expanding in Ireland, awaiting EU’s new crypto rules under MiCA by 2025. The European Securities and Markets Authority (ESMA), the EU’s financial watchdog, has issued a statement emphasizing the necessity of investment firms making their clients fully aware of the regulatory status of their products. Amid the budding blockchain industry, the ESMA is eager to remind stakeholders that despite the imminent adoption of the Markets in Crypto-Assets Regulation (MiCA), cryptocurrencies will remain unregulated in most jurisdictions until the regulation comes into effect. The ESMA has expressed concern over the potential risks associated with unregulated products and services, including the danger of misleading clients about the level of protection they receive. In the face of such prudential and investor protection risks, the ESMA urges firms to inform clients clearly about their products’ regulatory status and the protections applicable to their offerings. A careful stride toward crypto regulation Despite the regulatory uncertainties, crypto firms…

    Article 2023年5月29日

  • Market expectations: How the Federal Reserve Rate decision could impact ETH price

    TL;DR Breakdown Market analysts anticipate that the Fed announcement will positively impact the price of ETH to above $2,000. Staking activity in the Ethereum ecosystem rose in June 2023 after reaching an all-time high in May. The ongoing SEC crypto crackdown has negatively affected the entire market, and there remain no guidelines. Ethereum has shown resiliency in the face of market volatility, stabilizing at a price of roughly $1,750 due to increasing staking activity. The Federal Reserve (Fed) Rate announcement that will be made soon will impact the price movement of ETH. Additionally, the legal environment and market trends are impacting how well specific cryptocurrencies are performing. How will the Fed Rate announcement affect the price movement of ETH?  According to market reports, Ethereum price has stabilized at roughly $1,750, down 3% from last week’s peak, amid heightened market instability. An in-depth examination of the on-chain data reveals that ETH has been spared a significant retracement due to increasing staking activity.  In contrast to the 13% fall in the market capitalization of all altcoins, ETH’s price has exhibited remarkable resiliency…

    Article 2023年6月16日

  • CFTC obtains default judgement against crypto fraud scheme operator

    TL;DR Breakdown The CFTC has obtained a default judgement which would see crypto fraud scheme operator Michael Ackerman pay $54 million in damages. The commission is set to ban him from carrying out trades amid other punishments. Description The Commodity Futures Trading Commission (CFTC) recently announced a significant victory in its ongoing efforts to combat fraudulent activities in the digital asset trading space. Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York issued a default judgment that permanently prohibits Michael Ackerman, a resident of Alliance, Ohio, … Read more The Commodity Futures Trading Commission (CFTC) recently announced a significant victory in its ongoing efforts to combat fraudulent activities in the digital asset trading space. Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York issued a default judgment that permanently prohibits Michael Ackerman, a resident of Alliance, Ohio, from participating in any trading activities within CFTC-regulated markets. Ackerman is also barred from registering with the CFTC. CFTC obtains ruling against Michael Ackerman Ackerman’s ban stems from his…

    Article 2023年7月2日
TOP