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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
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.
Xcited to announce $XRP is now available for trading on Gemini. pic.twitter.com/E9Xiv8BTo3
— Gemini (@Gemini) August 10, 2023
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