The XRP ecosystem is celebrating another win as the coin, closely associated with Ripple Labs Inc, has been relisted on the top cryptocurrency exchange CEX.IO after an absence of almost two years. The crypto firm publicized the news on Wednesday, emphasizing that the relisting is to accommodate their US customers.
In a statement on the X app, CEX.IO said, “Enjoy complete Buy, Sell, Convert, Deposit, and Withdrawal services for Ripple (XRP) across our product ecosystem.” The relisting of XRP is becoming a trend among many cryptocurrency exchanges, particularly those that removed the coin due to “trouble.”
In mid-July, Coinbase, Gemini, Kraken, Binance.US, and Crypto.com all relisted XRP following Ripple’s partial victory in the lawsuit against the SEC. Binance.US acknowledged the outstanding capacity of XRP, explaining that the coin helps to facilitate fast and low-friction value transfers, providing institutions with a solution for cross-border transactions.
XRP is renowned for its core features, such as its potential to facilitate cross-border settlements more cheaply. This feature has made XRP the top choice for many projects and protocols, raising the XRP price to significant levels. At the time of writing, XRP was trading at $0.6379.
Several crypto-inclined companies delisted XRP in 2021 following the enforcement action brought against it by the US SEC in December 2020. Coinbase, Kraken, and Newton, a Canadian digital asset exchange, were some of the firms that removed XRP from their list. The companies cited regulatory and legal concerns as the main reasons for the delisting. But the July 13th ruling has had a major impact on the trajectory of the Ripple-affiliated currency in recent months.