In a major development for the cryptocurrency market, Coinbase Global Inc has officially relisted XRP on its platform, pending favorable liquidity conditions.
– XRP is no longer considered a “Security” according to Judge Analisa Torres’ declaration.
– Coinbase has reinstated trading for XRP on the XRP network.
– Customers are advised to avoid sending XRP to other networks to prevent permanent loss of funds.
– Trading of XRP is set to begin later today, subject to sufficient liquidity conditions being met.
– Support for XRP may be restricted in some supported jurisdictions.
XRP Hits High as Positive Sentiment Takes Hold
– The relisting on Coinbase has resulted in a significant surge in XRP’s price, increasing by over 74% in the past 24 hours.
– Bitcoin has also experienced an upturn and retested the important psychological level above $31,000.
– XRP holders and traders now have increased accessibility and opportunities to engage with the digital currency.
– This marks an important milestone in the recovery and resurgence of XRP within the cryptocurrency market.
Hot Take
The relisting of XRP on Coinbase is a significant development for the cryptocurrency market. It not only demonstrates renewed confidence in XRP but also provides increased accessibility and opportunities for XRP holders and traders. The surge in XRP’s price and the positive sentiment surrounding it highlight the growing interest in the digital asset. This relisting on Coinbase, along with other exchanges expressing their intentions to relist XRP, further contributes to the recovery and resurgence of XRP within the cryptocurrency market.
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