Coinbase Re-enables XRP Trading in New York on May 23, 2024

May 23, 2024, 01:43 PM

On May 23, 2024, Coinbase re-enabled trading for Ripple's XRP in New York, marking a significant development for cryptocurrency enthusiasts in the state. The decision to resume XRP trading was made in partnership with New York State authorities, reflecting a collaborative effort to meet regulatory requirements. This move allows New York residents to trade XRP on Coinbase's platform, as well as through its iOS and Android apps. The announcement was confirmed by Coinbase's Chief Legal Officer, who emphasized the company's commitment to expanding its offerings in compliance with state regulations.