• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Nexo

XRP Holders Scored Major Win, Phemex To Relist XRP

Bitcoinist by Bitcoinist
1 year ago
in Industry
0

On December 31, 2020, exchange platform Phemex announced its decision to suspend trading with the token XRP. However, investors and the XRP community can celebrate what could be the first of many relisting decisions. Phemex announced that it will resume trading with this token.

The platform will introduce XRP trading along with trading for 8 additional tokens. These include Basic Attention Token (BAT), Decentraland (MANA), both assets recently added to Grayscale’s product, Enji Coin (ENJ), Chiliz (CHZ), SushiSwap (SUSHI), Synthetix (SNX), Graph (GRT), and Maker (MKR).

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Last year, Phemex suspended trading for XRP due to the lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple Labs for the alleged sales of an unregistered security. At that moment, XRP’s outlook was uncertain and Phemex was selective with the coins listed on their platform.

Their policy is much stricter than some of its competitors – only listing projects with high demand from the consumers. Therefore, their decision to resume trading with XRP could be a good sign of what’s to come.

XRP and The Future Of Blockchain

The XRP community has been highly involved with the legal battle between Ripple Labs and the SEC. With initiatives from lawyers such as John Deaton, they have organized, signed petitions, and attended the sessions in court.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

According to Deaton over 16,000 XRP holders filed for a motion to be represented as a legal party during the trial. The lawyer has shared statements from U.S. regulators, such as the Commodity and Futures Trading Commission represented by Commissioner Dawn Stump, and other entities, such the Chamber of Digital Commerce to prove that the lawsuit’s outcome could be vital for the entire crypto industry.

 On April 16, 2021, Commissioner Stump said that the question of whether XRP is a security could be “crucial”. Comparing some “similarities” between XRP and Bitcoin (BTC), Stump said the former’s background, the fact that it was supported by a private company and its initial sale prompted the SEC’s lawsuit. The Commissioner added:

I am watching the outcome of this case closely because it will help to establish the scope of the SEC’s authority in the digital assets space.

Other projects in the crypto space could meet the same criteria used by the SEC in the XRP case. Therefore, many experts have speculated on the possibility of future lawsuits, especially in the DeFi Sector, if XRP is declared a security. The case is barely in its discovery phase and its result seems far from clear, at the time of writing.

XRP trades at $1,63 with a 17.5% profit in the daily chart. After the SEC’s lawsuit was filed, the token has experienced a downtrend, but has recovered and gone into a bull-run pushing its price up 187.9% in the 30-day chart and 39.1% in the weekly chart.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Bitcoinist

Bitcoinist

Bitcoinist is the ultimate news and review site for the crypto currency community!

Related Posts

Mediacoin: Is This Crypto Platform About to Forever Change How We Consume Content?

Mediacoin: Is This Crypto Platform About to Forever Change How We Consume Content?

10 hours ago
The Neko LLC – Providing Safety, Security, and Innovation for The Future of DeFi

The Neko LLC – Providing Safety, Security, and Innovation for The Future of DeFi

11 hours ago
Niftables Introduces An All-in-One NFT Platform To Enhance The Industry’s Mainstream Appeal

Niftables Introduces An All-in-One NFT Platform To Enhance The Industry’s Mainstream Appeal

1 day ago
Largest Metaverse GameFi Project Of 2022, Gensokishi Online, Opens Applications For Closed Alpha

Largest Metaverse GameFi Project Of 2022, Gensokishi Online, Opens Applications For Closed Alpha

2 days ago
LBank Exchange Will List ENTERBUTTON (ENTC) on May 16, 2022

LBank Exchange Will List ENTERBUTTON (ENTC) on May 16, 2022

5 days ago
Zignaly Introduces A Secure and Reliable Cross-Chain Token Bridge

Zignaly Introduces A Secure and Reliable Cross-Chain Token Bridge

5 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.