Crypto Exchanges Relisting XRP After Court Ruling
Crypto exchanges are rushing to relist Ripple’s XRP tokens on their platforms after a U.S. federal court ruled that digital tokens cannot be considered investments when sold through crypto exchanges. Gemini, a prominent exchange, has recently relisted XRP, following Ripple’s court victory.
Key Points:
- Gemini has relisted XRP and trading will commence soon.
- XRP was excluded from the SEC’s list of crypto securities, which impacted the market.
- Coinbase is considering delisting ADA and other altcoins per the SEC’s request.
- The XRP network is experiencing a resurgence with nearly 200,000 active addresses.
- Factors contributing to the surge in active addresses include Ripple Labs’ victory against the SEC and the declaration of XRP as a non-security.
This recent development showcases the growing confidence in XRP and its potential for growth. While it experienced a temporary decline after the post-SEC rally, XRP’s ability to rebound demonstrates its underlying potential. Traders and investors who are interested in leveraging price fluctuations are often attracted to such market trends.
Hot Take:
With the court ruling and the relisting of XRP on major exchanges, it is clear that the crypto community is recognizing the legitimacy of XRP as a digital asset. This news brings renewed optimism to XRP holders and presents opportunities for traders and investors to capitalize on its market movements.
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