Gemini prepares to launch XRP token trading
Gemini prepares to launch XRP token trading
Cryptocurrency exchange Gemini is considering relisting the XRP token on its platform after Ripple won a lawsuit against the U.S. Securities and Exchange Commission (SEC).
Gemini could become the third exchange, after Coinbase and Kraken, to begin trading XRP following Judge Analisa Torres' landmark ruling in the Ripple case.
On July 13, 2023, Judge Torres made the fateful ruling for XRP that token sales are not the same as securities sales, which contributed to its return to cryptocurrency exchanges, according to the CoinGape website.
It's worth noting that XRP's trading volume increased significantly after the court ruling, and its price jumped 60%.
Gemini said it is considering relisting XRP for both spot and derivatives trading on its platform in light of the ruling in Ripple's favor. Keep in mind, however, that Gemini co-founder and head Cameron Winklevoss is a proponent of Bitcoin accumulation.
"The great accumulation of Bitcoin began with the recent flurry of spot Bitcoin ETF filings," Cameron said.
Previously, we wrote that Ripple applied for an FCA license in the UK.
