Welcome back to Make Money Online. Today, we want to tell you about which crypto exchanges will still hold XRP like and subscribe to this channel for more videos on how to make money online. According to the SEC suit, which was filed in the US District Court for the Southern District of New York, RIPPLE CEO Brad Garlinghouse and Chairman Chris Larson have sold someone point three billion dollars in XRP since 2013.
The SEC alleges that RIPPLE did not register XRP as security or seek an exemption for the token of which it holds nearly 50 billion in escrow. People are closely monitoring the news surrounding the December twenty-second S.E.C. lawsuit against RIPPLE as the lawsuit proceedings took place.
Somewhere around exchanges as well as some smaller ones determine it’s the best course of action to suspend Sarpy trading and deposits. These declarations were first made by strangers such as Krypto, Dotcom, Aucoin and Coinbase. The organizations reported that they were suspending trading of the BETOKEN following the SEC lawsuit, and all of them stopped all trading activities involving any pairing with XRP.
XRP drop thirty-one percent of the time, losing about seventy-five percent in value since hitting a two-year high in early November, twenty twenty-one investors took advantage of a weaker US dollar to pile into cryptocurrencies. The S.E.C. lawsuit was deemed a risk for the XRP token and a more serious one for RIPPLE.
An analyst once said that XRP the coin is one foot in the grave. RIPPLE the company was expected to be insolvent by the end of twenty twenty-one if it can’t raise money by selling XRP and its other products aren’t profitable. Hopes were sort of lost as people didn’t see a viable alternative to replace XRP sales except to move out of the US and exclude US investors from buying XRP.
The company would have to start from scratch because all XRP profits would be disgorged since they all occurred when RIPPLE was a US-based company. However, optimists believe that XRP would still be a viable token as Apple doesn’t own all of XRP. Yes, you see, a lawsuit is against RIPPLE, not the token itself, whatever happens to Ripple XRP will continue to exist.
That exists independent of the company on a distributed ledger was believed that the SEC wanted to bring the case to court to establish clearer guidance about cryptocurrencies. But it was unclear whether the rest of the S.E.C. or the Justice Department felt the same way about RIPPLE as outgoing SEC Chairman Jack Layton did.
The general concern was that it was hard to say what the suit means for the future of cryptocurrency regulation. In general, it was clearly no immediate need for enforcement action, and it’s unclear how the new administration will view the lawsuit or the commission’s general enforcement agenda in this area.
However, the exchanges that have dropped the coin didn’t take the cue as they’d rather avoid taking the risk. The questions that were posed were majorly overruled by the question of what if Apple loses and they were caught napping and dealing in transactions using the coin. This would make them legal partakers in the exchange of legal securities.
In other news published earlier this year, Cryptocurrency Exchange Finance US is suspending XRP trading for its customers effective January 13th. The US affiliate of the world’s top crypto exchange by volume announced that customers will not be able to deposit or trade XRP, though withdrawals remain unaffected at this time. The announcement does not apply to finance as a whole.
Other exchanges to delist or suspend trading or markets. Aside from Coinbase, Crypto, Dotcom, Aucoin and finance include jump trading Bitstamp Weyrich’s OSL VXI crossed our SWIP Wallet Metrix, Galaxy Digital Bitwise and Genesis Global Trading. Most of these platforms have only removed XRP from the US markets or platforms, though few of suspended support internationally.
There was no question as to how the exchanges were going to respond pending the suit, safeguarding their interests and other users might be the only option, and delisting single crypto might not hurt as much as having their activities restricted by the SEC. The SEC appears to be the big bad wolf that has really been a thorn in the flesh of the cryptocurrency industry at large.
A pretrial conference date has been set for February 22nd. Twenty twenty-one, according to public court records, with the parties required to submit a joint letter describing the case and the arguments each side plans to make potential motions and any potential settlement details as well the week before.
There’s still an awful lot of time before then, and I guess the case would be worth the wait pending that we expect the coin to maintain activity. It still needs to operate on crypto exchanges. The list of exchanges on which XRP is trading is gradually thinned out, but surely will make the most of the ones we’re left with coming up as a list of crypto exchanges that still hold XRP.
One room Itano Ramattan, I was an online peer to peer escrowed marketplace that facilitates the buying and selling of cryptocurrency, the cryptocurrency trading platform is designed to support the buying and selling of cryptocurrencies with both Fiat and other cryptocurrencies.
The platform allows users to connect with other cryptocurrency buyers and sellers in order to transact in a secure environment as an online crypto exchange platform where Matana has a global reach servicing clients across more than 30 countries.
To Elbit, your bid is an online exchange trading platform designed to support the trading of cryptocurrencies, the open platform facilitates the trading of as many as four hundred and ninety-seven cryptos and tokens and eight thousand five hundred and seventy-five active pairings as an online cryptocurrency trading platform and delivers a simple to use exchange for those looking to gain access to just about every possible cryptocurrency or token pairing in existence today.
Three snapbacks, it’s an online derivative exchange supporting the trading of cryptocurrencies, the snapback’s platform is designed for the everyday Trayner in mind with easy to navigate interfaces. The platform is suitable for both beginner and experienced traders.
Founded in Twenty Eighteen by SNAP Technology Ltd., Singapore registered company Snapbacks provides traders with exposure to the crypto markets most popular and most tradable cryptos, including Bitcoin, Bitcoin, Cash, Cardon’s a.D.A Theory and XRP. For six oh, it started in twenty thirteen as a provider of cloud mining services over the company gradually evolved over the years into a multi-functional cryptocurrency exchange.
In addition to its cryptocurrency exchange business sector, AOL also provides trading of cryptocurrency on its web trading portal via mobile apps and also using API applications. It offers a distinct feature of providing several account types so the traders can pick out and trade cryptocurrency using the conditions attached.
Available coins include Bitcoin, Ethereum, Dash, Steller Z cash, Bitcoin Gold, Bitcoin, cash and XRP. Five bit it but it is an online platform that supports the buying and selling of crypto. The platform was created to provide both novice and experienced crypto investors with access to the crypto market from all corners of the globe.
It’s considered simple to navigate and delivers a safe crypto environment for investors to buy, hold and sell crypto. Six Georg Eyo, with dozens of cryptic popping up on the Internet almost every day, it’s difficult for cryptocurrency investors to discern that those are worth investing in. One such cryptocurrency exchange platform that was established to address this particular dilemma is Gadio.
Apart from providing cryptocurrency, investors with a platform to trade in the gate is also able to provide its users with specific information about the cryptocurrency markets. Seven Change Lee Change is a unique cryptocurrency exchange based out of Prague. The exchange was established in twenty sixteen by a team known for their company called Minor Gate, which has contributed to the success of the exchange with the attraction of over one million users.
Change only offers its users a very fast and simple interface for buying and exchanging a large array of cryptocurrencies. Eight, The rock trading is a cryptocurrency exchange that was initially established as a virtual insurance company in 2007.
However, in 2011, the company refocused its direction to become one of the first cryptocurrency exchanges to allow Bitcoin trading on its exchange. Based in Malta, the rock trading was founded by Andrea Madrie and David Barbieri, two well-known personalities within the Italian cryptocurrency community.
Nine BTC markets established in Melbourne, Australia, in September 2013, BTC Markets was founded by Martin Bohjalian, a Bitcoin enthusiast. Magellan was also among the nine founding members of the Australian chapter of the Bitcoin Foundation.
The exchange is still privately owned and describes itself as a blockchain technology company and has a management team behind it with extensive experience in both the IT and financial services industries. Ten Koinadugu Koeneke is yet another cryptocurrency exchange offering the trading of digital cryptocurrency assets. It’s very new, as it was just launched in twenty seventeen.
It is based out of the UK. The coin has yet to build up a large following and reputation, but it’s offering the ability to trade a wide variety of digital assets, including cryptocurrencies that are not available anywhere else.
11 XML, lastly, XML is a dual purpose cryptocurrency platform, which allows the online exchange of cryptocurrencies as well as the training of cryptocurrencies, the exchange part of the business involves exchanging fiat currency for Bitcoin. Therefore, the Bitcoin USD pair is the most common pairing for the exchange. The trader can exchange Bitcoin for US dollars and vice versa.
These are but a few of the crypto exchanges offering XRP. It remains to be seen which one of them will stick with XRP in the long term. Things could get better or worse, but some of these exchanges, if not all, will be left standing. The common attribute of these exchanges is that the majority of them are based outside the US but are widely accepted in the US as well as other countries.
You can look to chip in any of these crypto exchanges as you look at to buying the scarcity of XRP. We hope you enjoyed this video. Please don’t forget to give it a thumbs up. Subscribe and click that notification bell. Do you have a trustworthy exchange that you can recommend for trading XRP? Let us know in the comments below. See you next time..