Gemini confirmed it now accepts XRP deposits after days of speculation driven by a cryptic post on its verified X account.
The post, a thinking face emoji, was made in response to a question by crypto journalist David Gokhstein, who wondered whether Gemini would relist XRP.
- In its announcement, Gemini clarified that it would initially only accept XRP deposits, but it is working on enabling XRP-related trading pairs in the coming days.
- The exchange also asked its users to update their mobile apps to allow the new feature to take effect.
- Gemini is the latest to relist XRP after Ripple won partial victory in a case brought against it by the SEC. In a July 14 ruling, presiding Judge Analisa Torres found that XRP may not be considered a security if sold on secondary markets.
- After the verdict, several crypto exchanges, including Kraken, Bitstamp, and Crypto.com, reinstated XRP.
- However, in a new twist, the SEC has signaled its intention to challenge Judge Torres’ decision after it filed a letter of appeal on August 9.
- Elsewhere, Ripple has been made a member of the Bank for International Settlements (BIS) cross-border payments taskforce.
- The BIS serves as the hub for international monetary authorities. Many observers believe Ripple’s inclusion into the 33-member committee shows the company’s growing acceptance in the mainstream financial space since its win against the SEC.