Coinbase, a cryptocurrency exchange in New York state, has now enabled Ripple trading. The chief legal officer of the exchange, Paul Grewal. shared the news of the availability of the cryptocurrency with his Twitter followers.
Grewal stated that Grewal’s company is listening to the traders about the asset. “We heard you and put in the work in strong partnerships with the state,” On Thursday, he addressed the local community. Conversely, Coinbase suspended XRP trading In January 2021 following SEC lawsuits against the company.
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Coinbase in New York now allows Ripple (XRP), or the trading of Ripple, to be done.
The digital asset market in the United States was subject to unclear regulations over the past few years. In addition, US Securities and Exchange Commission enforces regulations.
Ripple was one of the companies most affected by these tactics. Ripple, the cross-border payments tycoon, has been embroiled in a legal dispute with the government for years. The situation is improving. A new and important listing has been made for the company’s native asset.
Coinbase, a prominent cryptocurrency exchange has announced it will allow Ripple trading within the State of New York. Chief legal officer of the exchange shared this fantastic news. It represents a huge step for the company.
![Ripple (XRP) Price Prediction: May End 2024](https://fxruhanahmed.com/2/wp-content/uploads/2024/05/Coinbase-Enables-Ripple-XRP-Trading-in-New-York.jpg)
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It is anticipated that the legal dispute between Ripple, Inc. and SEC will be resolved soon. The final filings are underway on both sides, and a conclusion is expected sooner than later. The arrival of this judgment will be crucial for XRP.
XRP struggled in 2024 to gain any significant momentum. The asset, which has been stuck around $0.50, is now trading at $0.52 and it’s up 1.6% in the past 7 days. CoinMarketCap. The Coinbase listing may have an impact in the near term on the price.
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Source: watcher.guru