Cryptocurrency exchange Coinbase has resumed XRP trading in New York state after being shut down in 2021.
Paul Grewal, Coinbase’s Chief Legal Officer, announced that XRP can now be traded in the state. “We listened to you and engaged in our work in strong partnership with the state,” Grewal told the community on Thursday.
Coinbase suspended XRP trading in January 2021 after the SEC filed a lawsuit against the company.
Over the past few years, the digital asset industry in the United States has faced unclear regulation. Additionally, the U.S. Securities and Exchange Commission (SEC) has routinely established regulations through enforcement.
One of the most notable companies affected by this tactic was Ripple. The cross-border payments conglomerate has been embroiled in years of legal conflict with government agencies. But things are getting better. The impending conclusion has just been met by a significant new listing for native assets.
XRP soared at the time of Grewal’s announcement, but has since corrected and fallen just below $0.53. According to CoinMarketCap, the price of