On the heels of the much-heralded ruling in a New York district court partly favoring Ripple Labs in its feud with the SEC, more good news came Ripple’s way Thursday afternoon. Major exchanges announced their decision to re-list Ripple’s XRP token, which shot up 37% after the legal decision broke.
News of the re-listing came as an added bonus for a crypto market with ample reason to celebrate. Crypto has long fought for mainstream acceptance. The decision of major exchanges to allow XRP to trade is a symbolic as well as legal and practical victory. Even though Ripple’s troubles are far from over.
The XRP Coinbase Victory
In a tweet sent out at 3:35 p.m. on Thursday, Coinbase, one of the world’s most popular cryptocurrency exchanges, said it would permit XRP trading. “Do not send this asset over other networks or your funds may be lost,” the exchange cautioned.
At 4:08 p.m., a tweet from Blockworks announced the decision of another exchange, Kraken, to re-list XRP.
Twitter was already exploding with statements and comments lauding the decision of Judge Analisa Torres that Ripple’s sale of its token on public exchanges did not violate securities laws.
Typical was a comment from Tyler Winklevoss, one of
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Author: Michael Washburn