Coinbase, a popular cryptocurrency exchange, may relist XRP on its platform immediately after Ripple’s recent court win. Following a legal dispute with the Securities and Exchange Commission (SEC), Ripple was victorious, prompting speculation that Coinbase may resume XRP trading. The move would be a significant boost for XRP holders and the broader cryptocurrency community, as Coinbase is one of the largest exchanges in the world. Additionally, relisting XRP would provide more legitimacy to the cryptocurrency, which has been overshadowed by the legal battles between Ripple and the SEC. Stay tuned for further updates on Coinbase’s potential relisting of XRP.
Coinbase’s Chief Legal Officer, Paul Grewal, recently expressed optimism about XRP relisting on the exchange if Ripple wins its legal battle against the US Securities and Exchange Commission (SEC). Though Coinbase suspended trading on XRP after the SEC filed its case, Grewal understands the frustration of the XRP community and acknowledged that Coinbase continues to monitor the status of the litigation closely. He praised the work of Ripple’s lawyers in pushing the SEC and acknowledged that Coinbase filed an amicus brief in support of several of Ripple’s defenses. Grewal also stressed that the Southern District Court of New York decision will only be the first step in a longer process, as both sides are likely to appeal regardless of the outcome. On the timeline of XRP relisting, Grewal stated that it would depend on various factors, including the grounds of the ruling, legal reasoning, and assessment of whether the appeals court will uphold the decision. Coinbase assured that it would initiate the review process immediately after the ruling to revisit its listing decision. The article concludes with the current status of XRP’s price.