Cryptocurrency exchange Gemini has listed a new XRP/GUSD perpetual contract, showcasing growing interest in the XRP ecosystem. Gemini users in over 30 countries can now leverage the pair for risk management, returns, and directional exposure.
The listing highlights ongoing XRP relisting after a lawsuit against Ripple Labs obstructed XRP’s presence on exchanges. In 2020, the SEC claimed Ripple illegally sold XRP as securities. But after a judge ruled XRP not a security in July 2023, platforms resumed listings.
oinbase">Coinbase, Binance US, Kraken, Crypto.com and Gemini have all relisted XRP after the favorable ruling. Gemini previously added XRP pairs with USD, GBP, EUR, and others, though not immediately enabling trading. Now its new perpetual contract evidences expanding XRP adoption.
The announcement has boosted XRP’s price, now trading around $0.52, up 1.67% in 24 hours. Many expect XRP will rally further in February when the anticipated parabolic crypto price surge begins.
By adding new XRP products despite past legal uncertainty, Gemini demonstrates the token’s growing traction after Ripple’s court win cleared obstacles. More exchange listings could further boost XRP’s price and ecosystem.
