InstaForex

October 26, 2021

Eh! Right to Coinbase Want to Re -List XRP?

 The latest tweet uploaded by Coinbase CEO Brian Armstrong this morning showed a positive signal of the possible re -listing of XRP on the crypto exchange platform, Coinbase.


There has been no official decision, but Armstrong described the case between the Securities and Exchange Commission (SEC) and Ripple as a situation "beyond expectations."


The Ripple case seems to be going better than expected. Meanwhile the SEC is realizing that attacking crypto is politically unpopular (because it harms consumers). https://t.co/ePLnbqNLwU


- Brian Armstrong (@brian_armstrong) October 26, 2021


Not only that, Armstrong subtly ‘hit’ the SEC with a statement that read: "Ironically, the SEC was attacked by a group of people they were supposed to protect."



For the record, Coinbase has delisted XRP starting Jan. 19 after Ripple was sued by the SEC in December 2020. The ban has resulted in a sharp drop in the price of XRP.


However, to this day XRP still survives despite being traded at a modest price for most of the time throughout 2021.


Galaxy Investment Partners CEO, also crypto millionaire Mike Novogratz revealed the value of XRP as of October had actually recorded a three -fold jump since being sued by the SEC.


This is not the first time Coinbase has been linked to the re -listing of XRP.


In early September, the platform inadvertently featured the XRP currency on the Coinbase Pro mobile app. After explaining the real thing, the price of XRP dropped by up to 10%.


At the time of writing, XRP is trading at $ 1.12, up nearly 3% in 24 hours.