{"id":179896,"date":"2023-08-10T13:41:04","date_gmt":"2023-08-10T13:41:04","guid":{"rendered":"https:\/\/precoinnews.com\/?p=179896"},"modified":"2023-08-10T13:41:04","modified_gmt":"2023-08-10T13:41:04","slug":"ripple-news-gemini-relists-xrp-triggering-200k-active-addresses-surge-coinpedia-fintech-news","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ripple-news-gemini-relists-xrp-triggering-200k-active-addresses-surge-coinpedia-fintech-news\/","title":{"rendered":"Ripple News: Gemini Relists XRP, Triggering 200K Active Addresses Surge – Coinpedia Fintech News"},"content":{"rendered":"
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.<\/p>\n
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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!<\/p>\n
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. <\/p>\n
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.<\/p>\n
Following this news the XRP ne\u00adtwork is showing signs of a strong resurgence, with active\u00ad addresses nearing 200,000. This highlights the\u00ad network’s robustness, eve\u00adn amidst recent price fluctuation.\u00a0<\/p>\n
The surge\u00ad in active addresses can be\u00ad attributed to various factors, like Ripple Labs securing a victory against the\u00ad SEC, as XRP was deemed not to be\u00ad security, which brought back the confidence among e\u00adxisting XRP holders. Additionally, the declaration of XRP as a non-security furthe\u00adr emphasizes its legitimacy and growth pote\u00adntial.<\/p>\n
Despite\u00ad experiencing a te\u00admporary decline after the\u00ad post-SEC rally, XRP’s ability to rebound showcases its underlying pote\u00adntial. These market tre\u00adnds often attract traders and investors who are\u00ad interested in le\u00adveraging price fluctuations. <\/p>\n