Coinbase has resumed support for XRP in New York, marking a significant comeback after a hiatus due to regulatory concerns. Paul Grewal, Coinbase’s Chief Legal Officer, announced that New Yorkers can now trade XRP through the exchange’s website and mobile apps. The decision comes after the cryptocurrency was removed from the platform nearly four years ago following a legal dispute regarding its classification as a security.

The reintroduction of XRP aligns with Coinbase’s efforts to foster a strong partnership with state regulators, demonstrating a possible softening of New York’s stringent crypto regulations. Grewal emphasized the company’s commitment to listening to their client base and adapting to regulatory frameworks.

This move by Coinbase, initially rolling out XRP in 2019 and then pulling it back in 2021 amid litigation, underscores a broader industry trend towards integrating regulatory compliance with service expansion, hinting at a promising future for cryptocurrency trading in restrictive jurisdictions.

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