Good news about Ripple (XRP) from Coinbase
Coinbase, one of the world’s largest cryptocurrency exchanges, announced the resumption of XRP trading in New York.
The announcement was made by Coinbase’s Chief Legal Officer, Paul Greal, who said: “XRP trading on Coinbase is available again in New York. We have been listening and collaborating in strong partnership with the state. “We can now announce that we are open for business.” “
XRP trading has been restricted in New York since December 2020, when the New York Attorney General’s Office filed a lawsuit against Ripple Labs. This led to many cryptocurrency exchanges suspending XRP trading for New York residents.
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However, New Yorkers wishing to purchase XRP had to use a cryptocurrency exchange registered with the New York State Department of Financial Services (NYDFS) and authorized to operate in the state. Some of these exchanges were Bitstamp, Bitfinex, and Bittrex.
Last July, Coinbase decided to join other exchanges in relisting the controversial token following a court ruling that secondary sales of XRP were not securities. Despite this, there has been no support for trade in New York so far.
*This content is not investment advice.
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