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Japanese "Amazon" Rakuten to Resume XRP Trading

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Thu, 09/02/2021 - 18:23
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Alex Dovbnya
The Japanese e-commerce behemoth’s Rakuten Wallet will resume XRP margin trading starting from Sept. 8, according to a recent announcement
Japanese "Amazon" Rakuten to Resume XRP Trading
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Major Japanese online retailing company Rakuten has announced that it’s going to resume XRP margin trading on its Rakuten Wallet exchange.

The service was halted on Dec. 24, two days after the U.S. Securities and Exchange Commission announced its landmark lawsuit against blockchain company Ripple.        

Rakuten Wallet notes that the cryptocurrency’s price discovery is now stable enough.    

Coinbase, Kraken, Binance U.S., Bitstamp and a slew of other exchanges are yet to reinstate trading in the U.S, with Ripple's fate hinging on the outcome of the lawsuit. 

As reported by U.Today, the expert discovery deadline has been extended to Nov. 12.

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Rakuten Wallet launched back in August 2019. Initially, only Bitcoin, Ether and Bitcoin Cash were available for spot trading.

In March 2020, the cryptocurrency exchange added margin trading for Litecoin and XRP.

This spring, the retail giant also allowed its customers to shop with cryptocurrencies across Japan.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.