In a pivotal move, Coinbase has elected to reintroduce Ripple XRP onto its platform, as confirmed in an official release from the exchange. "Reintroduction of XRP (XRP) trading on the XRP network will be undertaken by Coinbase," was the announcement made via Coinbase's official Twitter account.
Further elaborating, the tweet stated, "Provided liquidity conditions are satisfied, we anticipate resuming trade later today. The introduction of trading pairs XRP-USD, XRP-USDT, and XRP-EUR will be phased as soon as adequate availability of this asset is confirmed. However, in some of the regions we service, access to XRP may be limited."
Earlier today, a pivotal judgment was delivered in the ongoing Ripple case, with a U.S. judge declaring that Ripple XRP does not qualify as a security. This decisive verdict concludes the protracted legal tussle between XRP and the SEC, which has triggered a considerable price spike of over 30% in XRP's value.
This legal victory for Ripple against the SEC has caught the attention of major crypto exchanges. Among them, the Gemini exchange has signaled its intention to consider including XRP for both spot and derivatives trading. Nevertheless, Coinbase takes the lead as the first exchange to re-introduce Ripple's XRP. This move could likely prompt other exchanges to follow suit and reintroduce the cryptocurrency soon.
