Blockchain.com, with a user base exceeding 37 million verified individuals, has relisted XRP on its platform following a federal court ruling. The ruling determined that cryptocurrency is not a security, as previously alleged by the SEC.
The announcement comes months after a New York federal court ruled that XRP does not qualify as a security. Blockchain.com was among the major crypto platforms that removed XRP from their listings. This was in response to the U.S. SEC’s accusation of Ripple offering XRP as an unregistered security.
Other Exchanges Reconsider Relisting XRP
With the legal clarification that XRP’s not a security, various crypto platforms, including Blockchain.com, Coinbase, and Binance.US, have reversed their decisions to relist the prominent cryptocurrency.
Blockchain.com’s decision to reintegrate XRP is viewed as a strategic move for the cryptocurrency, leveraging the platform’s influential position in the industry.
Founded in 2011, Blockchain.com has played a pivotal role as a crypto exchange and wallet provider. Boasting over 37 million verified users and the creation of 80 million wallets as of October 2022, the company has been a trailblazer in the crypto space.
Since its inception, the crypto platform has facilitated over $1 trillion worth of crypto transactions. According to CoinMarketCap, Blockchain.com currently supports 31 crypto assets, including BTC, ETH, XLM, LTC, XRP, and SOL, with 60 trading pairs. The platform reported a 24-hour trading volume of $374,395, with USDT/USD ranking as the most active trading pair at $134,540.
While XRP’s relisting on Blockchain.com occurred recently, the CoinMarketCap data did not reflect XRP’s trading volume on the platform then.
Meanwhile, XRP’s value experienced a 0.3% decrease over the past 24 hours, settling at $0.62. Despite lingering around the $0.6 level in the past month, some optimism emerged among investors following Google Bard’s bullish prediction. This suggests a potential surge to $38.5 if Bitcoin reaches the projected post-halving price of $100,000.