Coinbase And Other Exchanges Relist XRP After Court Ruling Against SEC

Altcoins Coinbase Ripple SEC XRP
Last updated:
Author
Author
Jai Pratap
About Author

Jai serves as the Asia Desk Editor for Cryptonews.com, where he leads a diverse team of international reporters. Jai has over five years of experience covering the web3 industry.

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Source: Adobe 

US crypto exchanges Coinbase, Kraken, Gemini, Crypto.com and Bitstamp have announced to relist XRP after a US federal court ruled that selling the token on exchanges did not constitute an investment contract. 

The entire ruling was not in favor of Ripple as Judge Torres made it clear that institutional sale of the tokens did violate federal securities laws.

The price of XRP shot up as much as 70% after Ripple scored a partial win against the US Securities Exchange Commission (SEC) on Thursday. 

After the federal court’s ruling, US crypto exchanges announced plans to relist the layer one token. 

The leading US-based crypto exchange Coinbase announced in a tweet on Thursday that they will re-enable trading for XRP (XRP) on the XRP network. 

“Once sufficient supply of this asset is established trading on our XRP-USD, XRP-USDT and XRP-EUR trading pairs will launch in phases,” the crypto exchange added.

At the time of writing, XRP trading is live on the US-based exchange. 

US Crypto Exchanges Embrace XRP 

After Coinbase, Gemini also announced its plans to relist XRP on its platform. 

The exchange announced that given the latest ruling that the sale of XRP on exchanges is not a security, Gemini is exploring the listing of XRP for both spot and derivatives trading.

Kraken announced in a blog post that XRP trading is now live on its platform for U.S. users.

Joining the list of exchanges embracing XRP, Bitstamp said that they have resumed trading of XRP in the US effective immediately following the federal court’s ruling in Ripple’s case. 

US-based exchange Crypto.com tweeted, “XRP is back in the US.” The cryptocurrency is now available for trading on the Crypto.com app, the exchange announced. 

Altcoins Rally Following Court Ruling Against SEC

XPP and other altcoins skyrocketed Thursday as the US court partially granted a motion for summary judgment in the SEC’s lawsuit against Ripple. 

XRP is currently trading at $0.7889, price level it had not seen since April last year. 

Cardano (ADA), Solana(SOL), and Polygon (MATIC) also registered a huge surge in their prices as they jumped 25%, 31% and 19% in the last 24 hours respectively. 

Stellar (XLM) is currently trading at $0.1528, up 58% since the federal court’s ruling. 

The US SEC has deemed over 60 cryptocurrencies as security in its different lawsuits against different crypto firms. 

The latest court ruling in Ripple’s case does not conclude the lawsuit as the case could still go to trial or be appealed. 
 

More Articles

Price Analysis
$TRUMP Pumping Over 20% This Week: Presidential Memecoin Back for Good?
Arslan Butt
Arslan Butt
2025-02-15 15:26:50
Price Analysis
Study Predicts Bitcoin Surge to $1M by Early 2027: Is That Possible?
Arslan Butt
Arslan Butt
2025-02-15 14:45:43
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors