Coinbase and Binance.US Resume Trading of XRP Following Ripple’s Legal Victory

Coinbase and Binance.US Resume Trading of XRP Following Ripple's Legal Victory

Coinbase and Binance.US have recently resumed trading of XRP, the cryptocurrency associated with Ripple, following a legal victory for Ripple. This news has been met with enthusiasm by many in the crypto community, as XRP had been suspended from trading on both platforms since December 2020.

Ripple, the company behind XRP, had been involved in a legal battle with the U.S. Securities and Exchange Commission (SEC) over whether XRP was a security or not. The SEC had argued that XRP was a security and therefore should be regulated as such, while Ripple argued that it was not a security and should not be subject to such regulation. After months of legal wrangling, Ripple recently won its case, with the court ruling that XRP was not a security and therefore could not be regulated as such.

Following this ruling, Coinbase and Binance.US have both resumed trading of XRP on their platforms. This is a major victory for Ripple, as it means that XRP is now available to be traded on two of the largest cryptocurrency exchanges in the world. This will likely lead to an increase in the liquidity of XRP, as well as an increase in its price.

The news of Coinbase and Binance.US resuming trading of XRP has been met with great enthusiasm by many in the crypto community. Many believe that this will lead to an increase in the adoption of XRP, as well as an increase in its price. This could be a major boost for Ripple, as it could lead to more people investing in XRP and using it as a payment method.

Overall, Coinbase and Binance.US resuming trading of XRP following Ripple’s legal victory is great news for the crypto community. It is a major victory for Ripple and could lead to an increase in the adoption and use of XRP. This could be a major boost for Ripple and could lead to more people investing in XRP and using it as a payment method.