Cryptocurrency exchange Coinbase has resumed XRP trading in New York State once again after suspending it in 2021.
Paul Grewal, chief legal officer at Coinbase, announced on X that XRP is now available for trading in the state. “We have listened to you and we have worked in strong partnerships with the state,” Grewal told the community Thursday.
Coinbase suspended XRP trading in January 2021 following a lawsuit filed by the Securities and Exchange Commission against the company.
Over the past few years, the digital asset industry in the United States has faced unclear regulations. In addition, the US Securities and Exchange Commission (SEC) has typically established regulations through enforcement.
One of the most prominent companies affected by this tactic is Ripple. The cross-border payment mogul has been embroiled in a years-long legal tussle with the government agency. However, things are looking up. An important new listing for its originals has just been hit hard.
XRP rose around the time of Grewal's announcement but has since corrected and fallen to just under $0.53. according to CoinMarketCapThe price of XRP is currently down 1.3%, although its trading volume is up 31%, with volume of over $1.7 billion in the past 24 hours.
