Gemini adds XRP Ledger as its 13th supported blockchain

Quick Take

  • The blockchain marks the 13th network supported by the exchange.
  • Users will soon be able to trade Ripple (XRP) using USD before opening up to GBP, EUR, CAD, AUD, HKD and SGD trading pairs.

Tyler and Cameron Wiklevoss' crypto exchange Gemini has added support for the blockchain XRP Ledger. 

The blockchain becomes the 13th network supported by the exchange. Users will soon be able to trade Ripple (XRP) using USD before it opens up to GBP, EUR, CAD, AUD, HKD and SGD trading pairs.

"Adding XRP Ledger to our list of supported crypto networks is an important step on our mission to unlock the next era of financial, creative and personal freedom," Gemini said in a company statement

The other supported blockchains on Gemini include Bitcoin, Ethereum, Solana, Litecoin, Bitcoin Cash, Polkadot, Avalanche, Cosmos, Zcash, Filecoin, Dogecoin and Tezos. 

XRP post-lawsuit

Gemini joins other crypto firms  such as QuickNode in adding recent support for XRP Ledger. 

Ripple Labs, the company behind XRP Ledger and its native token XRP, won a partial victory in July over a years-long battle with the Securities and Exchange Commission, with a judge ruling that some sales of XRP sales did not break U.S. securities laws. 

The SEC said on Wednesday that it intends to appeal that decision. 


© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.

Editor

To contact the editor of this story:
Nathan Crooks at
[email protected]

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on