Coinbase And Other Exchanges Relist XRP After Court Ruling Against SEC

cryptonews.com:

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. 

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. 

XPP and other altcoins skyrocketed Thursday as the US court partially granted a