Saturday, December 9, 2023

Crypto exchange Gemini said its exploring relisting of Ripple’s token after a U.S. federal court ruled on Thursday that sale of XRP tokens on exchanges and through algorithms did not constitute investment contracts.

“Given today’s ruling that the sale of XRP on exchanges is not a security, @Gemini is exploring the listing of XRP for both spot and derivatives trading,” the exchange said in a tweet.

Gemini delisted XRP from its platform on Dec. 7 of 2020.

The court published the conclusions in an order partially granting a motion for summary judgment in the seminal U.S. Securities and Exchange Commission (SEC) case against the blockchain platform.

XRP token surged more than 60% on Thursday, highest since April of last year, according to CoinMarketCap data.

Read more: Ripple’s XRP Token Surges 57% After Court Rules XRP Sales Aren’t Investment Contracts

#Crypto #Exchange #Gemini #Relist #XRP #Token #Court #Ruling

Banner Content
Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Related Article


Leave a Reply