Coinbase, the leading U.S. cryptocurrency exchange, has confirmed it will relist XRP following a landmark court ruling that classified the token as not a security. This decision reverses Coinbase’s earlier delisting and marks a pivotal moment for Ripple and the broader crypto market.
Key Details of the Relisting
- Trading Resumption: XRP trading will restart on the XRP network, with support for XRP-USD, XRP-USDT, and XRP-EUR pairs.
- Phased Rollout: Trading will begin once liquidity conditions are met, expected "later today" (per Coinbase’s announcement).
- Transfer Availability: Deposits and withdrawals remain active in supported regions.
👉 Stay updated on XRP’s relisting progress
Judge Torres’s Ruling: A Turning Point for XRP
Judge Analisa Torres ruled that XRP sales on exchanges do not qualify as securities transactions, delivering a decisive win for Ripple in its long-standing legal battle with the SEC. Key takeaways:
- Utility Token Status: XRP’s design as a payment token (not an investment contract) was central to the verdict.
- Market Impact: The ruling sets a precedent for other cryptocurrencies facing similar regulatory scrutiny.
"This is a great day for the XRP community. Judge Torres’s ruling validates XRP’s role as a utility token."
— Brad Garlinghouse, Ripple CEO
Market Reactions and Future Outlook
- Price Surge Potential: XRP, trading near $0.40 at the time of relisting, could see increased demand.
- Exchange Domino Effect: Gemini and other platforms may follow Coinbase’s lead, further boosting XRP’s liquidity.
- Regulatory Clarity: The decision signals the SEC’s evolving stance on crypto classifications, potentially benefiting other tokens.
👉 Explore XRP trading strategies post-relisting
Industry Implications
- Legal Precedent: The case underscores the need for clear crypto regulations to avoid prolonged disputes.
- Investor Confidence: Relisting reinforces trust in XRP’s legitimacy and its ecosystem’s resilience.
FAQs
Why did Coinbase delist XRP initially?
Coinbase removed XRP in 2020 after the SEC sued Ripple, alleging XRP was an unregistered security. The recent court ruling invalidated this claim.
How will the relisting affect XRP’s price?
Historically, exchange listings increase liquidity and visibility. Analysts anticipate short-term volatility followed by potential long-term growth.
Are other exchanges likely to relist XRP?
Yes. Gemini has already hinted at reevaluating XRP’s status, and others may follow as regulatory clarity improves.
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Authored by Adedoyin Aka, Blockchain Legal Analyst.
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