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Showing posts with the label #Cryptocurrency #RegulatoryClarity #XRPCommunity #NYDFS #CryptoExchange #DigitalCurrency

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 X...