Switzerland-based exchange Lykke has recently decided to relist the controversial cryptocurrency Ripple (XRP). This was reported by YouTube on the 26th (local time).
CEO Richard Olson argues on his Twitter:
“We were thrilled with the Ripple Relisting Movement (#RelistXRP). It is our goal to bridge the traditional financial gap with the new blockchain world, and Ripple (XRP) is the basis for achieving this goal. This is a milestone that allows us to relist through regulation and is a big step forward.”
On January 18, Ricke stopped trading and depositing XRP in a Ripple lawsuit by the Securities and Exchange Commission (SEC). XRP was originally listed on this exchange in October 2018.
[XRP holders want more exchanges]
Last week, belligerent members of the XRP community launched #RelistXRP. This has even reached the top trend in several counties.
According to data provided by CoinMarketCap, the 24-hour trading volume of Riquet’s XRP/EUR pair is only $3945.
However, the community expects the Swiss exchange to set a precedent for other exchanges.
The bad news is that Ricke doesn’t operate in the United States, which makes it unclear why they chose to give up XRP in the first place.
Coinbase and other top players are very unlikely to resume XRP trading until the clarity of XRP’s securities status is revealed, which is the core of the complaint.
(Switzerland-based exchange Lykke has made a decision to relist XRP, a controversial cryptocurrency affiliated with the Ripple blockchain.)
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.