Coinbase enables XRP trading for German residents; many other exchanges reactivate support after the court ruling and XRP price surges.
Following the US court declaration that XRP is not a security, Coinbase, the leading US-based crypto exchange, has announced that XRP is now available for trading to its users in a previously prohibited region.
Specifically, the exchange noted in a tweet that XRP is now available for its customers in Germany, allowing them to buy, sell, convert, send, receive, or store the digital asset on Coinbase.com, as well as the Coinbase mobile apps for iOS and Android.
XRP is now available to Germany residents.
Users can log in to buy, sell, convert, send, receive, or store this asset at https://t.co/Zkd27RVkGW along with the @Coinbase iOS and Android apps. To access trading, users may need to refresh their application.
— Coinbase Assets ?️ (@CoinbaseAssets) July 14, 2023
Meanwhile, many other crypto exchanges that delisted XRP due to the Securities and Exchange Commission (SEC) lawsuit against Ripple have also announced their renewed support for the digital assets after attaining regulatory clarity, as The Crypto Basic reported. The exchanges include Gemini, Bitstamp, Kraken, BitGo, Crypto.com, and Binance US.
Reaction to the News
While the news received positive feedback from the crypto community, a Twitter user expressed their desire to utilize XRP with Coinbase’s Visa Card. He raised concerns about the absence of an option to spend XRP using the card and inquired about the timeline for its integration.
In contrast, a skeptic voiced their opinion, suggesting that those who purchase XRP following its listing on Coinbase may face unfavorable outcomes, stating that such buyers deserve to experience potential losses.
Furthermore, the skeptic argued that market participants who remain invested in XRP rely on fostering a fear of missing out (FOMO) to ensure sufficient liquidity for their exit strategies.
XRP trades at $0.7282, with over 55% cumulative seven-day performance. On the eve of the announcement of the ruling, XRP grew astoundingly, nearly doubling its price within a 24-hour period.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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