Gemini Announces New XRP Trading Pairs
Gemini, the cryptocurrency exchange founded by the Winklevoss brothers, has revealed its plans to list new XRP pairs for trading on its platform.
Expansion of XRP/GUSD Perpetual Contract Listing
The XRP/GUSD perpetual contract has been listed on Gemini Foundation, allowing users in over 30 countries to leverage this service for risk management, generating returns, and gaining directional exposure.
XRP Relisting Efforts Continue
XRP’s presence on trading platforms was hindered by a lawsuit from the SEC in 2020. However, in July 2023, Judge Analisa Torres ruled that XRP is not a security, leading to its relisting on multiple exchanges including Coinbase, Binance U.S., Kraken, Crypto.com, and Gemini.
Gemini’s Latest Development
Gemini’s listing of XRP perpetuals is the most recent development in the ecosystem. Following this news, XRP has experienced a significant price increase, currently trading at $0.52 with expectations of further growth in the coming weeks.
Hot Take: XRP’s Resurgence Continues
XRP’s relisting on various exchanges signifies a positive turning point for the token. With increased trading opportunities and renewed investor interest, XRP is poised for a potential price rally in February.
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