NEW YORK / LONDON (IT BOLTWISE) – US crypto exchange Gemini has indicated that there will be significant activity surrounding XRP in the coming week. This coincides with the Ripple Swell event taking place in New York on November 4th and 5th. The event will focus on topics such as stablecoins and the tokenization of real-world assets and feature high-profile speakers such as Nasdaq’s Adena Friedman and BlackRock’s Maxwell Stein.
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US crypto exchange Gemini recently indicated that significant activity around the cryptocurrency XRP is expected in the coming week. This announcement coincides with the Ripple Swell event that will take place in New York on November 4th and 5th. The two-day event will focus on hot topics such as stablecoins, tokenization of real-world assets, and institutional adoption.
Prominent speakers at the Ripple Swell event include Adena Friedman, CEO of Nasdaq, Maxwell Stein, director of global assets at BlackRock, and Patrick Witt, a top US government official focused on digital assets. Despite the star-studded line-up, the event is unlikely to trigger a significant increase in the price of XRP. In the past, Ripple Swell events often led to price rallies, but this effect has not occurred in recent years.
The relationship between Gemini and the XRP community has been strained in the past, as the exchange has long refused to list the popular cryptocurrency. However, these tensions were resolved after Ripple won a key legal battle against the US Securities and Exchange Commission (SEC) in August 2023. Since then, Gemini has reintroduced XRP to its offering and even launched an XRP-branded card in collaboration with Ripple.
The developments surrounding XRP and the Ripple Swell Event shed light on the increasing importance of cryptocurrencies in the financial world. The event’s themes, such as tokenization and institutional adoption, reflect the current trends and challenges facing the industry. It remains to be seen how these developments will impact the market landscape and acceptance of cryptocurrencies.
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