Cryptocurrency Q&A
Is it legal to trade XRP?
Is it legal to trade XRP?
CharmedVoyager
Wed May 29 2024
|
5 answers
1356
Could you please clarify for me if engaging in the trading of XRP is considered lawful? I've been hearing conflicting information about its legality in various regions, and I'm keen on understanding the current stance. Could you also elaborate on any potential regulatory concerns or specific jurisdictions where trading XRP might be restricted? I'm seeking a comprehensive yet concise overview to aid in my decision-making process. Thank you in advance for your assistance.
5 answers
CryptoNinja
Fri May 31 2024
In a significant decision, U.S. District Judge Analisa Torres determined that XRP, when traded on secondary exchanges, does not qualify as a security.
Was this helpful?
252
34
Lucia
Fri May 31 2024
This ruling provides Ripple, the issuer of XRP, with a partial victory in the ongoing legal battle that began in December 2020.
Was this helpful?
107
39
Margherita
Fri May 31 2024
The judge's decision removes a significant obstacle for XRP's trading status, allowing it to be freely traded on various exchanges.
Was this helpful?
300
65
Lorenzo
Fri May 31 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services, including spot trading, futures contracts, and a secure wallet for digital assets.
Was this helpful?
322
37
DaeguDivaDanceQueen
Fri May 31 2024
Coinbase, Kraken, and other major cryptocurrency exchanges have resumed listing XRP for trading following a favorable ruling.
Was this helpful?
375
90
