Canada’s most popular cryptocurrency exchange, Newton Crypto, is one of the first to re-list XRP. Due to the ongoing litigation between Ripple and the SEC, the token was removed from the platform in early 2021. More than 100,000 users visit the Newton exchange every day, and now those users can buy XRP. Coinbase, a major cryptocurrency exchange, delisted XRP as a result of the legal battle between Ripple and the token.
Netwon Crypto co-founder and CEO Dustin Walper has announced that XRP will be re-listed on the exchange.
“Surprise! The $XRP relisting on @newton crypto is complete. The CEO did not give a reason for the re-listing of the cryptocurrency, however.
Also Read: Ripple: XRP Price Prediction For November 2022
Will Coinbase Re-list XRP?
When Dustin Walper announced the re-listing of the token on the Newton exchange via tweet, the news quickly spread throughout the Ripple community. There was a massive outcry on Twitter demanding that Coinbase re-list the token so that investors could get their hands on it.
While there have been numerous social media campaigns advocating for Coinbase to re-list the cryptocurrency, the exchange still has not done so. With the ongoing Ripple vs. SEC lawsuit, it is highly unlikely that Coinbase will re-list XRP.
Considering that Newton is a Canadian company, the SEC has no authority over its operations. In the midst of the legal battle, the SEC can go after Coinbase if they accept XRP. As a result, it is still unlikely that Coinbase will add XRP once again. It is only after the lawsuit is resolved that Coinbase will consider adding the token to its platform.
Furthermore, Coinbase recently asked to submit an amicus brief in support of Ripple in the ongoing lawsuit. The exchange noted that the ongoing legal battle between Ripple and SEC compelled it to de-list the token.
Also Read: How Many Firms Are Supporting Ripple Against the SEC?
As of the time of this article’s publication, a unit of XRP cost $0.45, a decrease of 0.2% over the course of the previous 24 hours. Additionally, it has dropped 86.6% from its January 2018 peak of $3.40.
Source: Watcher
Disclaimer: This opinion is not meant to be taken as financial guidance and is presented merely for educational purposes. Crypted Crypto cannot guarantee that it accurately represents the views of the publication. You should always do your own research before making any financial decisions, as every investment and every trade carries some degree of risk. If you cannot afford to lose the money you invest, then you should not invest it.
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