Crypto exchanges are piling in to relist Ripple’s tokens XRP on their platforms following a U.S. federal court ruling that digital tokens can’t be considered investments, and when sold through crypto exchanges.
Gemini Relists XRP Following Ripple’s Court Victory
Recently, the prominent crypto exchange Gemini has relisted XRP, Ripple’s affiliated token into its trading platform. This news was recently shared by a Twitter user @RipplePandaXRP stating that @Gemini has listed #XRP!!!!! & Trading will commence soon!
Notably, the recently released SEC list of crypto securities which covered 48 tokens did not include XRP. While, it excluded XRP, Bitcoin, and Ethereum. In response to the SEC’s securities list, Binance removed ADA-based pairs, signaling market impact.
Coinbase, the prominent US crypto exchange, also contemplates delisting ADA and other altcoins per the SEC’s request. Charles Hoskinson, Cardano’s founder, expressed opposition to the ADA security label on social media.
XRP Network Resurgence After 200,000 Active Addresses Surge
Following this news the XRP network is showing signs of a strong resurgence, with active addresses nearing 200,000. This highlights the network’s robustness, even amidst recent price fluctuation.
The surge in active addresses can be attributed to various factors, like Ripple Labs securing a victory against the SEC, as XRP was deemed not to be security, which brought back the confidence among existing XRP holders. Additionally, the declaration of XRP as a non-security further emphasizes its legitimacy and growth potential.
Despite experiencing a temporary decline after the post-SEC rally, XRP’s ability to rebound showcases its underlying potential. These market trends often attract traders and investors who are interested in leveraging price fluctuations.
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