The XRP community was left confused after the crypto exchange Uphold announced that the token was listed and available for trading.
The tweet included the hashtag #relistXRP, which sparked debate about whether or not the exchange allowed trading in the cryptocurrency.
Some of the community members were puzzled as they claimed that XRP was already listed and available for trading.
Others were more serious and slammed the announcement as “ridiculous”.
Nevertheless, Uphold’s decision to stand by XRP when its peers moved to limit or remove the asset trading during its high-profile lawsuit from the SEC is commendable.
In its filing, the US agency said that XRP is, in reality, security and that the asset’s supporter Ripple’s sales of the asset were unlawful.
Once the lawsuit was made public in December 2020, the price of the crypto fell drastically as top exchanges like Coinbase abandoned the contentious cryptocurrency.
But Uphold’s purpose behind its latest announcement is still unknown. It remains to be seen how the SEC’s lawsuit will affect XRP’s future and whether the trading platform’s decision will impact the asset’s value in the long term.
With regards to the “RelistXRP” trending again on Twitter, the demand is aimed at the biggest crypto exchange in the United States, Coinbase.
XRP Trending Again Due To This
Incidentally, a significant portion of the most recent relist tweets have been sent in response to a recent Coinbase thread announcing the beginning of a national crypto lobbying effort.
However, the community members are not impressed by the crypto exchange’s efforts to promote better crypto policies and regulations.
Recall that Coinbase wasted no time in delisting the token after the U.S. Securities and Exchange Commission [SEC] filed a complaint against Ripple and its executives, alleging the token to be an unregistered security.
Since then, members of the XRP Army have been in their efforts to get Coinbase to list back the cryptocurrency.
Also recently, a user blamed Armstrong for “letting down” the community big time and then questioned the top exec when the asset will be listed back.
It should be noted, though, that in November of last year, Coinbase stepped forward to submit a “friend of the court” brief in support of Ripple in its continuing legal battle with the SEC.
The exchange argued that the SEC had been inconsistent about its enforcement approach, which created “uncertainty” for other firms in the sector.