After being suspended in 2021, the cryptocurrency platform Coinbase started trading XRP in the state of New York once more.
The chief legal officer of Coinbase, Paul Grewal, declared on X that trading in XRP is now possible in the state. Grewal told the community on Thursday, “We heard you and put in the work in strong partnerships with the state.”
In January 2021, Coinbase halted XRP trading in response to the SEC’s lawsuit against the business.
The United States’ digital asset market has been dealing with ambiguous legislation for the past few years. Furthermore, the Securities and Exchange Commission (SEC) of the United States has consistently implemented restrictions.
Ripple was among the most well-known businesses impacted by this strategy. The government agency and the cross-border payment tycoon have been embroiled in a protracted court battle for years although things are starting to improve.
An essential new listing for its native asset has coincided with an approaching conclusion. Following Grewal’s announcement, XRP saw a jump, but it has since corrected and is now back down to just under $0.53.
XRP’s price is now down 1.3%, according to CoinMarketCap, but its trading volume has increased 31% over the last day, totalling over $1.7 billion.
