Celebrating the Relisting of XRP
CEX.IO, a top cryptocurrency exchange, has relisted XRP after almost two years, marking a major win for the XRP ecosystem. The move is aimed at satisfying United States customers.
“Enjoy complete Buy, Sell, Convert, Deposit, and Withdrawal services for Ripple (XRP) across our product ecosystem,” CEX.IO posted on the X app.
Relisting XRP has been a trend among many cryptocurrency exchanges that previously removed the coin from their platform due to regulatory concerns. This relisting follows Ripple’s partial victory in its lawsuit with the SEC, prompting exchanges like Coinbase, Gemini, Kraken, Binance.US, and Crypto.com to reinstate XRP.
Binance.US acknowledged the outstanding capacity of XRP to facilitate fast and low-friction value transfers for cross-border transactions. This has pushed the XRP price to significant levels, currently trading at $0.6379.
Prior Justification for Delisting XRP
XRP faced delisting by several cryptocurrency exchanges in 2021 following legal actions against Ripple and its executives by the U.S. SEC. American exchanges Coinbase and Kraken were among those that delisted the coin due to regulatory and legal concerns.
However, Judge Analisa Torres’ ruling that XRP is not a security as claimed by the SEC led to its resurgence. This legal win has been pivotal to XRP’s trajectory in recent months.
Hot Take: The Future of XRP
The relisting of XRP on CEX.IO and other major exchanges signals renewed confidence in the coin’s future. As regulatory concerns subside and its core features become more recognized, the potential for growth and adoption looks promising for XRP.
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