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Another victory for #RelistXRP movement, as one more exchange restarts XRP Trading

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Posted: | Last updated: January 30th, 2024
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editor-in-chief
Another victory for #RelistXRP movement, as one more exchange restarts XRP Trading
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editor-in-chief
Posted: | Last updated: January 30th, 2024

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Popular Japanese cryptocurrency trading platform DeCurret exchange re-launched XRP Trading. According to XRP_OWL, an anonymous XRP supporter, the Japanese exchange DeCurret has relisted XRP token and allowed its trading in several pairs.

Early this year, many exchanges had decided to halt XRP trading and deposits, due to the US Securities and Exchange Commission’s lawsuit against Ripple. After the news of the lawsuit broke, other major exchanges like Coinbase and Binance.US had also halted XRP trading.

Just a month ago, XRP supporters had taken to Twitter to urge crypto exchanges to “Relist XRP” a hashtag that went viral on the social media app. It was a top-trending topic in the Netherlands, with more than 35,000 tweets about the same.

One of the reasons why XRP supporters have been actively attempting to make exchanges relist the asset could be due to new developments in the Ripple-SEC case. During the hearing, the judge had questioned the SEC attorney that, based on his theory, “everyone who sold XRP – including you and me – are selling illegal securities”. The SEC lawyer responded, “no, under Section 4, only Ripple and affiliates of Ripple can have sold XRP illegally”, and that “everyone who sold XRP” was not selling “illegal securities”.

These statements by the SEC lawyer can be interpreted that exchanges based out of the US will not be held liable for the sale of XRP.

Lykke, a cryptocurrency exchange based out of Switzerland was the first exchange that decided to re-list XRP. Only time will tell if US exchanges decide to “relist” the popular altcoin. At press time, XRP was trading at $1.32 and has been down by 2.3% in the past 24 hours.

 

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Jibin Mathew George is Editor-in-Chief at AMBCrypto. A domain expert in International Relations (European Politics), he has always been a believer in the unlimited possibilities afforded by blockchain and by extension, cryptocurrencies. As someone who has been watching and writing about this space for over 5 years now, Jibin has closely tracked the emergence of cryptos and digital assets as a separate asset class in portfolios world over. A lawyer by training, he previously contributed to the News and Research desk of Diplomacy & Beyond Plus. Before his stint at D&B, he was Editor at ED Times. Jibin also takes a great interest in politics, especially the corresponding effect political decisions and fiscal policy have on the world of finance, with a special focus on cryptocurrencies.
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