On Thursday, cryptocurrency exchange Gemini finally revealed its awaited plan to support XRP trading. Users can now deposit XRP tokens on the exchange, with trading for the XRP/USD pair expected to launch shortly.
This move follows similar actions by U.S.-based exchanges Coinbase, Kraken, and Crypto.com, who relisted XRP after the Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC) reached a recent decision.
Gemini XRP Trading Resumption Date
The decision by Gemini to relist XRP is a positive development for the cryptocurrency market, especially in the U.S., which plays a significant role in the expansion of the web 3.0 ecosystem. However, the exchange has been slightly slower than its peers in reinstating XRP trading. On July 21, 2023, CoinGape reported that Gemini hinted at relisting XRP on its platform. Presently, only deposits of the token are accepted, while trading is expected to commence soon, according to the exchange’s statement.
“We are pleased to announce that we’re supporting XRP Ledger (XRP), joining the growing list of networks on Gemini. XRP deposits can now be made on Gemini, with trading to follow.”
The Ripple lawsuit’s Summary Judgment, which determined that the token sales to regular investors aren’t classified as securities, has paved the way for fresh opportunities for the XRP community, both within and beyond the United States.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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