"We heard you and put in the work in strong partnership with the State. And now the word can be put out— we are back up," Grewal said in his social media statement.
Coinbase suspended XRP trading in January 2021 after the U.S. Securities and Exchange Commission took Ripple to court. Last July, Coinbase moved to relist the controversial token together with other exchanges after the court ruled that secondary sales of XRP were not securities. However, trading in New York was still not supported until now.
New York is known for having stringent cryptocurrency regulations. Its"BitLicense" framework makes it particularly challenging for companies to operate in the state. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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