The growth of Ripple’s native cryptocurrency XRP has been hampered by a long-running lawsuit filed by the US Securities and Exchange Commission (SEC). This action by the SEC has forced several crypto exchanges to delist (delist) XRP. However, in the latest development, a global crypto exchange has decided to list the altcoin amid the uncertainty of litigation.
Will altcoin price rise with this update?
BitMart has listed Ripple’s XRP (XRP/USDT) on its platform. announced.
🥳#BitMart will list Ripple (XRP) on our digital assets platform on January 5, 2023. The following trading pair will be available: XRP/USDT.
💎Deposit feature: 01/05/2023 7:00 AM (UTC)
💎Trade feature: 01/05/2023 8:00 AM (UTC)NEWS CONTINUES BELOW👉Details: https://t.co/IqhB1lm52J pic.twitter.com/rjx9nEFD0d
— BitMart.Exchange (@BitMartExchange) January 5, 2023
NEWS CONTINUES BELOW
XRP is trading under heavy selling pressure due to the recent crypto market crash. The price of Ripple’s native token has dropped by as much as 30% in the last 60 days. However, altcoin price has seen a rebound as crypto whales accumulate massive amounts of XRP amid the positive results of the litigation between Ripple and the SEC.
The listing announcement in question also marks an important development for XRP holders, as it allows them to access the exchange even more. The SEC case is also expected to conclude in the first months of this year.
XRP is trading at around $0.34 at press time. 24-hour trading volume fell 4% to $718.4 million. Ripple’s native token still has a market cap of over $17.2 billion.
You can follow the current price action here.