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Rumors Are Spreading That Coinbase Is Planning To Relist XRP

Coinbase is a very renowned crypto-asset exchange that has its headquarters in San Francisco. There has been a lot of talk regarding the topic that Coinbase is about to bring XRP back to its trading platform. Nonetheless, the officials of Coinbase have not yet commented on any possibility of relisting XRP on their trading platform after a community member tweeted a post on 2nd April that the Coinbase exchange platform is going to relist XRP.

Rumors Suggest That the Backend Work to Bring Back XRP Has Already Been Started by Coinbase

The Securities and Exchange Commission (SEC) of the United States of America charged the popular company Ripple and two of its top executives Chris Larsen and Brad Garlinghouse, for conducting and providing unregistered securities offering in December 2020. After the lawsuit by SEC, many trading and exchange platforms, including Coinbase, disabled the trading of XRP while other platforms totally delisted the crypto asset.

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As a Twitter post emerged, hinting that Coinbase is about to list the embattled digital asset XRP again on its exchange platform, from a user naming himself as Krish XRP, the rumors started spreading very swiftly. The post from this user got so much attention because not only did he hinted a possible comeback of the digital asset, he also posted a photo evidence containing backend codes, which suggested that Coinbase is already doing backend coding to ensure the comeback of XRP on its exchange platform.

This post obviously brought a lot of excitement throughout the XRP community, who were hoping for XRP to be relisted by Coinbase. The XRP community is hopeful that this news will create a ripple effect, and other major crypto-asset exchanges will follow the bandwagon and enable XRP trading on their platforms.

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Relisting of XRP by the Exchange Platforms Would Not Contradict with Any Formal Law

According to the lawsuit conducted against Ripple and its executives, it was made clear by the Securities and Exchange Commission (SEC) that if any trading platform resumes the trading of XRP, they would not be violating any formal laws. Many online campaigns have since commenced for the relisting of XRP on major exchanges.

Meanwhile, the native digital currency of Ripple has once again started rising in the upward direction as the seventh-ranked cryptocurrency has seen a massive price surge during the past 24 hours. At the time of writing, XRP is trading up by over 17% while holding at around $0.71.

MubaShar Nawaz (United Arab Emirates)

MubaShar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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