Blockchain.com, which boasts over 37 million verified users, has relisted XRP after a federal court ruled that the coin is not a security as alleged by the SEC.
Blockchain.com, one of the oldest crypto exchanges and wallet providers, has relisted XRP, adding the fifth-largest cryptocurrency to its roster of supported digital currencies.
In a tweet yesterday, the leading crypto startup emphasized that the Blockchain.com wallet now supports XRP.
FYI Ripple (#XRP) is now live in your https://t.co/0DZyULavbV Wallet ? ?
Get it here https://t.co/lqvfcsTWBU pic.twitter.com/xPcXGVmgOj
— Blockchain.com (@blockchain) December 11, 2023
Blockchain.Com Relists XRP Months After Court Verdict
The announcement comes several months after a New York federal court declared that XRP in itself is not a security. Recall that Blockchain.com was among the top crypto startups that delisted XRP shortly after the U.S. SEC charged Ripple with offering XRP as an unregistered security.
With a federal court finding XRP to be a non-security, several crypto startups, including Blockchain.Com, Coinbase, and Binance.US, have made a U-turn to relist the top crypto asset.
The relisting of XRP by Blockchain.com is seen as a strategic move for the crypto asset, given the company’s dominance in the industry.
It bears mentioning that Blockchain.com is one of the early pioneers of the crypto space. Launched in 2011, Blockchain.com functions as a crypto exchange and a wallet provider.
The company has succeeded in onboarding tens of millions of users from various parts of the world. As of October 2022, Blockchain.com claims it has over 37 million verified users, with 80 million wallets created so far.
Since its inception, the leading crypto startup has processed over $1 trillion worth of crypto transactions, according to CoinMarketCap.
At press time, Blockchain.com supports 31 crypto assets, including BTC, ETH, XLM, LTC, XRP, and SOL, with a total of 60 trading pairs. The trading platform has a 24-hour volume of $374,395. Notably, USDT/USD ranked as the most active trading pair, with a volume of $134,540.
Since XRP was relisted on Blockchain.com yesterday, the CoinMarketCap data did not indicate XRP trading volume on the platform.
In the meantime, XRP was down 0.3% in 24 hours to $0.62. XRP has been hovering around the $0.6 level in the past month, with many investors expressing frustrations over the development.
However, Google Bard recently put smiles on the faces of many XRP investors following its bullish prediction for the coin. As reported today, Google Bard forecasted that XRP could surge to $38.5 if Bitcoin reaches the $100K post-halving projected price.
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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