Monday, 17 June 2024
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Coinbase relists XRP trading in New York

Coinbase sues SEC, Ark Invest buys $8.6m in Coinbase stock

  • Coinbase chief legal officer Paul Grewal announced on Thursday that the exchange now allows for XRP trading in New York.
  • XRP price rose slightly immediately after the news.

Coinbase now supports XRP trading for its users in New York, the US-based crypto exchange has announced.

Paul Grewal, the Chief Legal Officer at Coinbase, announced the major development on Thursday, stating that the exchange had taken into account customers’ calls for XRP relisting.

“XRP trading on Coinbase is available again in NY. We heard you and put in the work in strong partnership with the State.  And now the word can be put out— we are back up,” Grewal noted in a post via his X account.

The announcement comes nearly three and half years since Coinbase halted XRP trading.

Coinbase was among those to suspend XRP in January 2021 following the US Securities and Exchange Commission (SEC)’s lawsuit against Ripple.

SEC sued Ripple and its top executives in December 2020.

While Coinbase re-enabled XRP trading following Ripple’s victory against the SEC last July, it did not offer the service to its New York customers.

XRP price rose slightly on Thursday, trading around $0.53 as the community reacted positively to the news.

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