Gemini now accepts XRP deposits
Gemini, a cryptocurrency exchange, has confirmed that it now accepts XRP deposits, following speculation driven by a cryptic post on its verified X account. This comes after a question by crypto journalist David Gokhstein about whether Gemini would relist XRP.
Key Points:
- Gemini initially accepts XRP deposits and plans to enable XRP-related trading pairs soon.
- Users are advised to update their mobile apps to access the new feature.
- Other exchanges, such as Kraken, Bitstamp, and Crypto.com, have also relisted XRP after Ripple’s partial victory against the SEC.
- The SEC has filed a letter of appeal to challenge the judge’s decision regarding XRP’s status as a security.
- Ripple has become a member of the Bank for International Settlements (BIS) cross-border payments taskforce, highlighting its growing acceptance in the mainstream financial space.
Hot Take
Gemini’s acceptance of XRP deposits indicates a positive shift for the cryptocurrency after Ripple’s legal battles with the SEC. The relisting of XRP by multiple exchanges demonstrates a growing confidence in its legal standing. Furthermore, Ripple’s inclusion in the BIS taskforce showcases its increasing recognition within the traditional financial sector. These developments contribute to the overall positive sentiment surrounding XRP and its potential for future growth.
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