Bitcoin ATM operator CoinFlip adds XRP to its online order desk
Bitcoin ATM operator CoinFlip has announced that it is adding XRP to its online order desk following a recent court ruling that declared XRP is not a security when sold to retail investors. This decision by the court is seen as a positive step towards regulatory clarity in the United States. CoinFlip CEO Ben Wiess stated that the company is expanding its offerings due to the increasing demand for XRP. The goal is to make cryptocurrency accessible to everyone and empower individuals in the digital economy.
XRP returns to exchanges after positive court ruling
Many major cryptocurrency exchanges delisted XRP due to concerns that it might be classified as a security. However, after a US judge ruled that XRP is not a security when sold to and traded by retail investors, several exchanges began to relist the token. Trading of XRP is expected to begin today, pending liquidity conditions. Coinbase, a prominent exchange, has already announced support for XRP trading pairs.
XRP’s current market situation
At the time of writing, XRP is trading around $0.65, with a 7.31% decline in the last 24 hours. Its market capitalization has decreased by 1.02%, and the 24-hour trading volume has dropped by 18.7%. However, XRP’s price is still 127% higher than its lowest point in 2022.
Hot Take: CoinFlip’s move to add XRP to its online order desk is a response to the recent court ruling that provided regulatory clarity for the cryptocurrency. This decision not only boosts the confidence of the crypto industry but also expands the accessibility of XRP to more individuals. The relisting of XRP on major exchanges further indicates a positive shift for the token. While XRP’s current market performance may have experienced a decline, it remains significantly higher than its lowest point last year.
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