Following a U.S. court order on Thursday morning, several major exchanges have restored XRP to their platforms.
After Coinbase, Kraken, Crypto.com, and Bitstamp all approved trading of the cryptocurrency, which is the native token of the Ripple network.
The hurry to reintroduce XRP to US users follows a partial verdict in the Securities and Exchange Commission’s case against Ripple Lab.
Analisa Torres, a federal district judge, ruled that the XRP token “is not necessarily a security on its face,” until traded to raise funds from institutions.
Although the case did not involve secondary sales of XRP, the decision to declare that it is not a security has increased crypto exchanges’ confidence in offering it.