Coinbase, Kraken, and Gemini have all re-enabled XRP trading for their US clients. This came after the US court ruled that XRP is not a security.
Coinbase was the first to announce a relisting and XRP’s prices have rocketed since then, as more and more people join in. Gemini also announced that it would be exploring relisting XRP for both spot and derivatives trading.
In a tweet, Coinbase said that XRP trade could still be restricted by some jurisdictions, if liquidity requirements are met.
Kraken’s Chief Legal Officer, Marco Santori commented on the court’s decision, saying that it is a first step towards regulatory clarity in the US. However, Santori noted that there may still be some “twists and turns” regarding the case.
The news of the judge’s decision against SEC triggered massive buying pressure for XRP. The token’s rally also sparked upward momentum for Stellar (XLM), and other altcoins.