Breaking: Bitstamp Resumes XRP Trading After Temporary Suspension

Bitstamp, one of the world’s largest and oldest cryptocurrency exchanges, has resumed trading in XRP following a temporary suspension due to a dispute with financial services provider Ripple.


The London-based exchange released a statement on Monday announcing that it will resume XRP trading on its platform “effective immediately.”

“The decision to resume trading has been made following an extensive review of the existing legal and regulatory framework applicable to XRP,” said Bitstamp in an official statement.

Ripple, the company behind the XRP cryptocurrency, is currently embroiled in a legal dispute with the U.S. Securities and Exchange Commission (SEC) over the classification of XRP, which the SEC alleges is an unregistered security.

The controversy has led to growing uncertainty among cryptocurrency exchanges, which has led to several of them suspending XRP trading until the case can be resolved.

Bitstamp said it was still closely monitoring the situation and will continue to evaluate the legal and regulatory framework surrounding XRP trading.

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