Coinbase, the popular cryptocurrency exchange, made headlines when it decided to resume XRP trading in 2021. This move came after a court ruling shed light on the fact that secondary sales of XRP did not fall under the category of securities transactions. However, despite this positive development, customers in New York were still unable to access trading services until the recent announcement.
New York has a reputation for its stringent regulatory framework, which poses significant obstacles for cryptocurrency companies looking to establish a presence in the state. These strict standards make it particularly challenging for such entities to operate within the region.
