Breaking: Gemini Relists XRP Following Coinbase; Adds USD, GBP, EUR, Pairs

Anvesh Reddy
August 10, 2023 Updated August 11, 2023
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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XRP News: Crypto exchange Gemini on Thursday made the much awaited announcement of the trading support to XRP. XRP token is now available for deposits on the exchange and the trading is available for USD, GBP, EUR, CAD, SGD, HKD, and AUD XRP pairs. The development comes after United States based crypto exchanges Coinbase, Kraken and Crypto.com have relisted the token following the recent ruling in the Ripple lawsuit against the U.S. Securities and Exchange Commission (SEC).

Also Read: XRP Advocate Deaton Challenges SEC’s Ripple Verdict Appeal Igniting Legal Debate

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Gemini Resumes XRP Trading

The Gemini XRP relisting is a welcome move for the crypto market, with the US market holding key to further expansion of the web 3.0 ecosystem. However, the exchange has been a little slow in catching up with its counterparts about the relisting. On July 21, 2023, CoinGape reported that the exchange dropped a hint on plans to relist the token on its platform. As of now, only the token deposits have been opened and trading would soon be activated, it said in a statement.

“We are delighted to announce support for XRP Ledger (XRP), adding a new blockchain to Gemini’s growing list of supported networks. XRP is now available for deposits on Gemini. Trading for XRP will follow.”

Overall, the Ripple lawsuit Summary Judgment that the token sales to retail investors are not securities opened a new wave of possibilities for the XRP community, in and outside the United States.

Also Read: Billionaire David Rubenstein Bullish On ‘Mighty’ Blackrock Bitcoin ETF

In an official tweet, Gemini confirmed relisting of XRP and resuming trading for XRP pairs.

 

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.