Canadian Crypto Exchange Becomes to First to Re-list XRP, Will Coinbase Follow Suit?

Will Coinbase Re-list XRP?

Dustin Walper’s tweet snowballed into the Ripple community heralding the re-listing of the token by Newton exchange. A barrage of users tagged Coinbase to follow suit and re-list the token for investors to get hold of the token.

However, Coinbase has not re-listed the crypto despite multiple social media campaigns urging the exchange to list the crypto again. It is implausible that Coinbase will re-list XRP amid the ongoing Ripple Vs SEC lawsuit.

Newton is a Canadian business and the SEC has no power over its jurisdiction. The SEC can go after Coinbase if they get XRP on board amid the legal tussle. Therefore, Coinbase onboarding XRP again remains to be unlikely at this moment. When the lawsuit is settled, only then could Coinbase consider getting the token onboard.

Also, Coinbase had recently requested to file an amicus brief in support of Ripple in the ongoing lawsuit. The exchange highlighted that it was forced to de-list the token due to the ongoing legal battle between Ripple and SEC.

Also Read: How Many Firms Are Supporting Ripple Against the SEC?

At press time, XRP was trading at $0.45 and is down 0.2% in the 24 hours day trade. It is also down 86.6% from its all-time high of $3.40, which it reached in January 2018.