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XRP supporters ask cryptocurrency exchanges to return support for the coin

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8 months ago

A user movement has appeared on social media, "RelistXRP," in which users are asking various cryptocurrency exchanges to add XRP to their platforms again. The hashtag #RelistXRP has become a trend on Twitter for users in the Netherlands, and the movement is gaining momentum in Australia, the United States and the United Kingdom. For example, there have been over 35,000 tweets with the hashtag in the Netherlands, approximately 30,000 tweets in the U.S., and 24,000 in Australia. Many cryptocurrency exchanges have begun removing XRP from their exchanges since the Securities and Exchange Commission (SEC) accused Ripple's management of selling $1.3 billion in unregistered securities last December. Bittrex, Coinbase, OKcoin and Binance US exchanges have also begun delisting. One of the prerequisites for XRP's release was a statement from an SEC lawyer in court. When the judge asked him about whether "anyone who sold XRP" was a criminal, the lawyer replied that only Ripple and affiliates were responsible. This can be interpreted to mean that the SEC has no claim to cryptocurrency exchanges on this issue. However, whether the U.S. exchanges will give in to these requests and return trading in XRP is still unclear. Against this backdrop, XRP rate increased significantly, even despite the fall in bitcoin and the entire cryptocurrency market. XRP has gained 11.9 percent in the past 24 hours and jumped 20 percent in the past week. The coin is now trading around $0.58. In early March, Ripple co-founder Chris Larsen asked a U.S. court to dismiss the SEC's lawsuit.

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