The crypto ecosystem is enjoying bullish momentum following Ripple Labs’ victory against the United States Securities and Exchange Commission (SEC). To enhance the excitement generated when Judge Analisa Torres stated that XRP is not an investment contract, Coinbase exchange has announced it will re-list the digital currency for trading on their platform. The trading platform emphasized that customers mustn’t send crypto assets to networks other than XRP, as their funds may get lost. Coinbase noted that, “if sufficient liquidity is met trading on our XRP-USD, XRP-USDT, & XRP-EUR trading pairs will launch in stages. Support for XRP may be restricted in some supported jurisdictions”.
Coinbase, the largest digital currency trading platform in North America, is taking a stand and reaffirming its allegiance to XRP. The relisting of XRP has caused its rate of $0.8186 after being boosted upward of 74% in the past 24 hours, an increase attributed largely to massive retail XRP buying on Uphold exchange. This rebound, coupled with Bitcoin’s successful attempt to overwrite the psychological exchange rate of $31,000, is reflective of how trade market indicators & reinstated trust can spur crypto valuations.
