Bitcoin

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p>CEX.IO, a prominent digital asset exchange, <a href="https://twitter.com/cex_io/status/1724792869452644762" rel="noopener noreferrer nofollow">announced</a> the relisting of Ripple-affiliated XRP token for its U.S.-based users earlier this Wednesday.&nbsp;</p>
<p>This move allows U.S. users to buy, sell, convert, deposit, and withdraw <a href="https://u.today/xrp-surges-to-fourth-largest-market-cap" rel="noopener noreferrer nofollow">XRP</a> across CEX.IO's product ecosystem.</p>
<h2 id="a-huge-comeback">A huge comeback&nbsp;</h2>
<p>Major exchanges have relisted XRP, the native token of the Ripple protocol, earlier this year following a pivotal U.S. court ruling.&nbsp;</p>
<p>The ruling by Federal District Judge Analisa Torres stated that XRP “is not necessarily a security on its face,” except when sold to raise funds from institutions.&nbsp;</p>
<p>This decision, which did not directly concern secondary sales of XRP, has significantly bolstered the confidence of crypto exchanges to offer the token again. Kraken, Crypto.com, Coinbase, and Bitstamp were <a href="https://u.today/xrp-soars-70-and-surpasses-bnb-as-coinbase-and-kraken-announce-relisting" rel="noopener noreferrer nofollow">among</a> the first to relist XRP.&nbsp;</p>
<p>As <a href="https://u.today/major-ripple-vs-sec-update-xrp-explodes-16-as-judge-torres-delivers-pivotal-summary-judgment" rel="noopener noreferrer nofollow">reported by U.Today</a>, the wave of relistings also significantly boosted the XRP price, pushing the controversial token to a year-to-date high of $0.938.&nbsp;</p>
<h2 id="xrp-s-unique-status">XRP's unique status&nbsp;</h2>
<p>Stuart Alderoty, Ripple's top lawyer, recently <a href="https://u.today/ripples-top-lawyer-says-xrp-has-unique-status-in-us" rel="noopener noreferrer nofollow">stressed</a> XRP's distinctive status in the U.S. cryptocurrency market that was acquired following the court ruling that classified secondary sales of XRP as non-securities.&nbsp;</p>
<p>This unique regulatory position, which XRP shares only with Bitcoin in the U.S., sets the Ripple-affiliated apart from other digital tokens that are yet to see this kind of regulatory clarity.</p>

XRP Relisted on Major Crypto Exchange

Table of Contents

U_Today

Other articles published on Nov 15, 2023

Bitcoin ETF Approval: Analyst's Optimistic Forecast at 90% Before 2024

3,000 3MTT graduates to get UNDP internship for one year

Nocturne Launches on Mainnet to Bring Private Accounts to Ethereum (15 Nov)

Cryptocurrency inflows to fentanyl dealers plunge amid aggressive U.S. crackdown

Binance Japan Announces Addition of 13 New Tokens to Platform

Shantae Advance: Risky Revolution is set to debut on Nintendo Switch in 2024

Join our free newsletter for daily crypto updates!