News Explorer — JPMorgan Says XRP Court Win Is Also a Win for Coinbase

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JPMorgan Says XRP Court Win Is Also a Win for Coinbase

JPMorgan analysts believe that the recent ruling on Ripple’s XRP token benefits Coinbase by narrowing its downside risk. The ruling, which states that XRP is not a security when sold on the secondary market, may also apply to the 13 tokens actively traded on Coinbase that are alleged to be securities by the SEC. However, the ruling does not offer significant incremental upside for Coinbase, as its staking and wallet products are also part of the SEC lawsuit.

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