Ripple (XRP) scored a mixed victory against the United States Securities and Exchange Commission (SEC) yesterday. In direct reaction, several major exchanges have allowed XRP to be sold again. On which platforms is it now possible to get it?
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Several major platforms including Coinbase are listing Ripple’s XRP again
The ruling leaves a few thorns in Ripple’s side when it comes to selling to institutionals, especially regarding its initial fundraising. But for exchanges on centralized platforms, the way is now clearsince XRP is not considered a “security” in this case.
Several major exchange platforms, including Coinbase, Kraken and Bitstamp, had chosen to delist XRP in 2020-2021, as the SEC launched its offensive. Since then, the legal battle had dragged on, and the victory that the SEC considered easy had moved away. Since the judgment, the reactions of the community have been largely positive, in particular that of Coinbase, which announces an overall “victory”:
W.
W for @ripple.
W for the industry.
W for the builders.
W for a clear rulebook.
W for updating the system.
Oh, and XRP is now open for trading.
— Coinbase 🛡️ (@coinbase) July 13, 2023
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On Kraken’s side, the reaction is more measured. The company’s legal representative, Marco Santori, believes that this is a step in the right direction, but the story is far from over :
“We view the Court’s decision as a first step toward proper legal clarity in the United States. […] However, the case will continue to evolve. The Capitol is working hard, and many bills are pending before Congress. It will take years.»
Translation: the judge’s decision is encouraging for the ecosystem, but the SEC’s crusade against crypto companies is not over, and the hostile regulatory framework that may be in place will have a marked influence.
👉 To go further – Ripple (XRP), the technology company serving institutions
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Will other platforms relist XRP?
That said, this wind of optimism could spread to other platforms. Already, the Winklevoss brothers’ platform, Gemini, has announced that it is considering a relisting of Ripple’s XRP:
Given today’s 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.
— Gemini (@Gemini) July 13, 2023
For others, nothing changes: Binance had not delisted the cryptocurrency, so it does not need to add it again. The relisting has in any case had a marked effect on the price of XRP, exploding since last night. Over the past 24 hours, the token has gained +66% and once again climbed to 4th place in the ranking of the most capitalized cryptocurrencies of the moment.
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Sources: Twitter, CoinGecko
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Journalist at Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that stem from the blockchain and I like to find the most crispy information to share with you.
Marine Debelloir
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