Many cryptocurrency exchanges have suspended or delisted XRP due to a lawsuit filed by the US Securities and Exchange Commission (SEC) against its issuer, Ripple Labs. However, there is still hope for XRP holders, as the cryptocurrency is available for trading on the Uphold exchange.
XRP is a digital asset created by Ripple Labs that facilitates cross-border payments. The SEC filed a lawsuit against Ripple Labs in December 2020, claiming that the company sold XRP as មូលបត្រដែលមិនបានចុះបញ្ជី worth $1.3 billion to retail investors without proper disclosures.
Many exchanges, such as Coinbase, Kraken, and Bitstamp, have suspended or delisted XRP for their US customers due to the SEC lawsuit. Some have also delisted XRP from their global platforms. The delisting of XRP by major exchanges has undoubtedly affected its liquidity and value, with XRP’s price dropping from $0.65 to $0.37 in the days following the delistings.
XRP is Available on Uphold
Uphold is one of the few exchanges that have decided to continue supporting XRP trading despite the SEC lawsuit. Uphold offers XRP trading against fiat currencies such as USD, EUR, RUB, TRY, JPY, and stablecoins such as USDT, USDC, BUSD, USDG, and DAI. Uphold’s decision to continue XRP trading is a significant development for XRP holders, as it offers them a platform to trade their assets and potentially recover some of their losses.
Source: https://coinpedia.org/news/relistxrp-xrp-is-listed-available-on-uphold-exchange/