Skip to main content

Coinbase Resumes XRP Trading for New York Customers

The news has sent the XRP community into a frenzy, with the hashtag #XRPback trending on social media. The History of XRP and Coinbase
XRP, also known as Ripple, is a popular cryptocurrency that was created in 2012. It is known for its fast transaction speeds and low fees, making it a popular choice for cross-border payments. Coinbase, one of the largest cryptocurrency exchanges, added support for XRP in early 2019.
The Suspension of XRP Trading on Coinbase
In December 2020, the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, the company behind XRP, for allegedly selling the cryptocurrency as an unregistered security. As a result, many exchanges, including Coinbase, suspended XRP trading to comply with regulations.
XRP Trading Resumes on Coinbase
On September 10, 2021, Coinbase announced that XRP trading had resumed for New York residents. The exchange had received approval from the New York State Department of Financial Services (NYDFS) to list XRP again. This news has been met with excitement from XRP holders, who have been eagerly awaiting the return of their favorite cryptocurrency on Coinbase.
The Impact on XRP's Price
Since the announcement, XRP's price has seen a significant increase, with the cryptocurrency currently trading at over $1. This is a sharp contrast to its price in December 2020, when it dropped to around $0.20 after the SEC lawsuit was filed.
What This Means for XRP and the Crypto Market
The resumption of XRP trading on Coinbase is a significant development for both the cryptocurrency and the overall market. It shows that regulatory concerns are being addressed, and confidence in XRP is being restored. This news has also sparked speculation that other exchanges may follow suit and resume XRP trading, potentially leading to further price increases.
In Conclusion
The news of XRP trading resuming on Coinbase is a major milestone for the cryptocurrency and its community. It marks a step towards regulatory clarity and a positive outlook for XRP's future. As always, it's important to stay updated on any developments and to do your own research before making any investment decisions. #XRPback #Coinbase #CryptoNews


Sentiment Result : Positive

Image
Labels:

Comments

Post a Comment

Popular posts from this blog

Bitcoin Price Recovers After Fed Announces No Rate Hike At FOMC

📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...
Post a Comment
Continue Reading »

Crypto Talkies June 18th 2025

As we draw curtains on another bustling day in the cryptocurrency world, fresh developments are unfolding across the globe that continue to redefine the contours of digital finance. JD.com is making headlines with its ambitious plan to modernize cross-border payments by leveraging stablecoins. By pursuing global stablecoin licenses, JD.com aims to slash transaction costs by up to 90% and revolutionize settlements, aligning with China's dynamic digital yuan initiatives. Meanwhile, Ark Invest, helmed by Cathie Wood, has opted to cash in on some of its gains by selling over $96 million in Circle (CRCL) shares. The decision comes after Circle's shares soared post-IPO, reflecting lucrative market moves and investor strategies amidst evolving regulatory landscapes. However, the day wasn't without its setbacks. Iran's largest crypto exchange, Nobitex, faced a staggering $48 million security breach on the Tron network. The exploit, characterized by attackers using vanity addr...
Post a Comment
Continue Reading »

Crypto Talkies June 19th 2025

As the evening sets in, let's dive into today's world of crypto with our Crypto Talkies. The backdrop of uncertainty has taken its toll on Bitcoin exchange-traded funds (ETFs), as investors show signs of caution with a notable 47% decline in inflows, totaling over $200 million on Tuesday. However, spot Bitcoin ETFs aren't backing down from substantial trading volumes, with BlackRock's iShares Bitcoin Trust making headlines with impressive investments (BTC). In the realm of aged assets, Fidelity Digital Assets spotlight a trend of rising scarcity. The ancient Bitcoin, untouched for over a decade, is now surpassing newly mined coins. This scenario hints at possible significant gains, with institutional interest pondering whether BTC's value might one day reach the coveted $1 million mark. Iran's crypto exchange, Nobitex, fell victim to a hefty $82 million hack, allegedly orchestrated by Israeli hackers. This breach highlights vulnerabilities and might exacerbate...
Post a Comment
Continue Reading »