The cryptocurrency world is buzzing with one of the most significant developments in recent years—Coinbase and Kraken have officially announced plans to relist XRP, following a landmark U.S. court ruling that XRP is not a security when traded on public exchanges. This decision marks a turning point for Ripple and the broader digital asset industry, restoring investor confidence and opening the door for wider institutional adoption.
A Landmark Ruling for XRP and the Crypto Industry
On July 13, 2023, U.S. District Judge Analisa Torres delivered a decisive verdict in Ripple’s long-running legal battle with the Securities and Exchange Commission (SEC). After nearly three years of litigation, the court ruled that XRP is not a security when sold on secondary markets like cryptocurrency exchanges—even though certain institutional sales might still qualify under the Howey Test.
This nuanced but powerful distinction clears the regulatory cloud that had hung over XRP since late 2020. The judge stated:
“XRP, as a digital token, is not in and of itself a ‘contract, transaction, or scheme’” that embodies the Howey requirements of an investment contract.
The ruling has been widely celebrated across the crypto ecosystem as a major win for innovation, decentralization, and regulatory clarity.
👉 Discover how top exchanges are responding to this game-changing crypto ruling.
Coinbase Announces XRP Relisting
Shortly after the verdict, Coinbase, one of the largest U.S.-based crypto exchanges, confirmed it would relist XRP trading. Paul Grewal, Coinbase’s Chief Legal Officer, emphasized the exchange’s confidence in the court’s decision:
“We’ve read Judge Torres’ thoughtful decision. We’ve carefully reviewed our analysis. It’s time to relist.”
According to Coinbase’s official announcement:
- Trading of XRP is expected to resume later the same day, pending favorable liquidity conditions.
- Initial trading pairs will include XRP/USD, XRP/USDT, and XRP/EUR.
- The relisting applies to the XRP token on its native network—users are warned not to send XRP via other networks to avoid fund loss.
- Availability may vary by region due to local regulatory constraints.
This move signals renewed trust in XRP’s legal standing and paves the way for broader retail access.
Kraken Resumes XRP Trading in the U.S.
In parallel, Kraken announced that U.S. residents can now deposit and trade XRP. The exchange confirmed active trading has already begun, with full functionality—including app-based trading and instant buy options—rolling out as market liquidity stabilizes.
Kraken emphasized that sufficient buyer and seller participation is key to ensuring smooth order matching and stable pricing. As one of the earliest platforms to support XRP before its delisting, Kraken’s return reinforces market demand and regulatory reassessment in favor of digital asset innovation.
Other Exchanges Eyeing XRP Integration
The ripple effect (pun intended) is spreading quickly. Gemini, another major U.S. exchange, revealed it is actively exploring the listing of XRP for both spot and derivatives trading. In a tweet, Gemini stated:
“Given today’s ruling that the sale of XRP on exchanges is not a security, @Gemini is exploring the listing of XRP.”
While no timeline has been provided, this announcement suggests more platforms may soon follow suit, further boosting XRP’s liquidity and global reach.
👉 See how fast-moving exchanges are adapting to new crypto regulations.
Market Reaction: XRP Surges 73%, Overtakes BNB
The market response was immediate and explosive. At the time of writing:
- XRP price: $0.8154, up 72.89% in 24 hours
- Global crypto market cap: $1.26 trillion, up 6.48%
- Bitcoin: $31,580.73 (+4.13%)
- Ethereum: $1,995.51 (+6.58%)
Most notably, XRP surged past BNB (Binance Coin) to become the fourth-largest cryptocurrency by market capitalization, underscoring renewed investor enthusiasm and strong market positioning.
This price rally reflects not just speculative momentum but growing confidence in XRP’s utility for cross-border payments, financial inclusion, and blockchain interoperability—core use cases championed by Ripple Labs.
Why This Matters for Crypto Investors
The court ruling and subsequent exchange relistings represent more than just a win for Ripple—they signal a potential shift in how U.S. regulators approach digital assets. By distinguishing between public token sales and private securities offerings, the decision provides a clearer framework for future compliance.
For investors, this means:
- Greater access to previously restricted assets
- Improved liquidity across major trading platforms
- Stronger legal precedent supporting decentralized networks
- Increased transparency in regulatory expectations
As more exchanges evaluate XRP listings, we could see broader integration into DeFi ecosystems, custody solutions, and even traditional financial products.
Frequently Asked Questions (FAQ)
Is XRP now considered legal in the U.S.?
Yes—based on the court ruling, XRP is not classified as a security when traded on public exchanges. However, certain institutional sales may still fall under securities laws.
Can I buy XRP on Coinbase and Kraken today?
Coinbase and Kraken have confirmed relisting plans. Trading resumes once liquidity conditions are met. Check your local platform for real-time availability.
Why did exchanges delist XRP in the first place?
Exchanges removed XRP in December 2020 following the SEC’s lawsuit against Ripple, which alleged unregistered securities offerings. The recent ruling resolves key uncertainties.
Could other exchanges like Binance list XRP again?
While Binance has not commented yet, the favorable ruling increases the likelihood of global relistings, especially on platforms that previously delisted XRP due to regulatory concerns.
Does this ruling affect other cryptocurrencies?
Indirectly, yes. The decision sets a precedent for evaluating whether tokens are securities based on context—potentially benefiting other projects facing similar scrutiny.
What should I do before buying XRP?
Ensure you're using a supported network (XRP Ledger), verify exchange availability in your region, and assess your risk tolerance given recent volatility.
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Final Thoughts: A New Chapter for XRP
The relisting of XRP on Coinbase, Kraken, and potentially more platforms marks a pivotal moment in crypto history. It validates years of advocacy by Ripple and its supporters while reinforcing the importance of clear, fair regulation.
With price momentum building and market structure improving, XRP is poised for a resurgence—not just as a speculative asset but as a foundational tool for global payments innovation.
As the ecosystem evolves, staying informed and agile will be key for investors navigating this dynamic landscape.
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