As the ongoing legal battle between Ripple Labs and the United States security and exchange commission continues to move forwards toward trial, XRP holders have been awaiting the relisting of the digital asset, which has been halted on many platforms.
The lawsuit filed against Ripple Labs by the SEC, for the alleged selling of unlicensed securities in the form of Ripple’s native token XRP, caused unstable pricing during the first few months of the legal battle, despite receiving considerable support from the crypto community.
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Ripple CEO Brad Garlinghouse is confident the long court battle will end favorably for Ripple, noting at a CNBC-hosted fireside chat at the Paris Blockchain Week Summit in April that “the lawsuit has gone exceedingly well, and much better than I could have hoped when it began about 15 months ago,” adding that “the wheels of justice move slowly.”
Along with the company, XRP holders and crypto advocates see increasingly optimistic signs that the case will end well, with the company scoring several victories over the last month, as Ripple Labs consistently maintains that XRP is utilized as an intermediary intended for remittance and not a security. The case, which started at the end of 2020, resulted in XRP trading halting in December 2020 on the CryptoAltum platform, now, however, due to increased liquidity from CryptoAltum liquidity providers, all Ripple (XRP) pairs are available for trading on their MT5 platform.
CryptoAltum has several XRP Pairs that are currently offered, including the following.
Besides the offering of a vast selection of cryptocurrencies, CryptoAltum continues to tailor its services as the growing cryptocurrency market shifts and evolves, with a team of professionals that come from the world of Forex and trading fees that are the lowest in the market.
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Traders can sign up to the next-generation crypto trading platform, where they will be able to move their funds instantly as trader funds are stored securely in an eWallet, without the need for a time-consuming approval process. It should be noted that CryptoAltum traders can also transact in XRP from their trading accounts and that they offer up to $20,000 of free cryptocurrency conversions per client, per month.
[…] Ripple customer Novatti Group based in Australia and established in 2015 has announced that it building an Aussie-based stablecoin, AUDC, in collaboration with the Ripple fintech giant, planning to issue it on the XRP Ledger. […]