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VisitCoinbase 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.
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XRP ruled as a security • 50%
XRP not ruled as a security • 50%
Injunctions imposed • 50%
No injunctions imposed • 50%
Yes • 50%
No • 50%
Significant increase in trading volume • 33%
No change in trading volume • 33%
Moderate increase in trading volume • 34%
Negative legal developments • 33%
Positive legal developments for Coinbase/XRP • 33%
Neutral legal developments • 34%