Uphold, a major cryptocurrency trading platform that allows its users to buy, sell, and hold various assets including cryptocurrencies and tokenized stocks, has reaffirmed its support for $XRP, the native token of the XRP Ledger.
Despite XRP being delisted from several exchanges after the US Securities and Exchange Commission (SEC) sued Ripple Labs over the sale of XRP, alleging its unregistered security, Uphold has stood firm.
In response to a trend on Twitter where users were asking for trading platforms to relist XRP, Uphold pointed out that XRP is listed on its platform and affirmed that it was never delisted.
Uphold revealed that it would maintain XRP listed until the SEC’s lawsuit against Ripple Labs is resolved and legally determines that the token is a security.
Furthermore, Uphold trusts other cryptocurrency exchanges to adopt a similar stance rather than rushing to judgment ahead of the court’s decision.
Uphold pointed out that the SEC’s goal is to protect consumers, and believes it’s hard to see how a judgment rendering XRP essentially worthless and inflicting billions of dollars of losses on retail investors would square with that goal.
Uphold has since launched a new crypto-linked debit card for customers in the United Kingdom offering them reward rates of up to 4% in XRP. The cryptocurrency community expects the price of XRP to experience a slight upward movement during the month of March, at a time in which the community keeps awaiting regulatory clarity.
