US-based cryptocurrency exchange Coinbase has made a significant move by reopening XRP trading for New York users despite the ongoing legal dispute between the decentralized platform Ripple and the US Securities and Exchange Commission (SEC).
This decision marks a bold step for Coinbase, which had previously suspended XRP trading following the SEC’s lawsuit against Ripple. The development comes as the legal battle approaches a crucial stage, with the court expected to deliver its judgment soon.
XRP Makes A Comeback On Coinbase
In response to the SEC’s lawsuit against Ripple Labs, Coinbase suspended XRP trading pairs on its platform in January 2021. The exchange gradually limited trading to “limit only” mode before fully suspending it on January 19, 2021.
However, Coinbase Chief Legal Officer Paul Grewal announced on Thursday the reopening of XRP trading for New York users through a social media statement….
