Uphold Responds to Crypto Community’s Calls on Coinbase to Relist XRP

Uphold Inc., a New York-headquartered cryptocurrency exchange is among the trading platforms that continued to support XRP, not minding that the SEC claims the asset is an unregistered security.

Recall that exchanges like Coinbase, the largest United States-based cryptocurrency exchange by trading volume did not hesitate to delist XRP shortly after the SEC sued Ripple in December 2020. 

Since then, XRP community members and other entities such as LBRY have been on the heels of Brian Armstrong and Coinbase to relist XRP, resuming XRP trading on its platform. 

To this end, the hashtag ‘Relist XRP’ has been trending, especially on Wednesday following Coinbase’s launch of its Crypto Advocacy campaign the previous day. This development comes as the need for thoughtful regulations and policies are needed in the crypto and web3 industry.

The initiative dubbed Crypto 435 seeks to advance pro-crypto policy in all 435 Congressional Districts across the United States, according to the top exchange. 

Introducing Crypto 435, Coinbase said it is a campaign focused on growing the crypto advocacy community as well as sharing tools and resources to make industry participants’ voices to be heard. 

“Coinbase will empower the Crypto435 community with information about how to contact specific politicians in their local districts, what those politicians’ records on crypto are, tips for making your voices heard in D.C., and more,” part of the announcement read. 

From the foregoing, the main objective of the movement is to ensure that decisions taken by United States legislators and regulators do not negatively impact the crypto industry. 

That notwithstanding, some XRP proponents were unimpressed by this Coinbase program as much of the reactions pointed at the exchange’s ill-treatment of the XRP community. Recall that Coinbase failed to distribute Songbird (SGB) airdrop to XRP holders and even delayed the issuance of FLR airdrop. 

Responding to the calls on Coinbase to relist XRP, Uphold reminded the XRP community that its support for the 6th largest cryptocurrency asset remains intact amid the legal woes it faces, courtesy of the United States Securities and Exchange Commission (SEC). 

The exchange, which revealed that most XRP investors are long-term holders, equally shared a tutorial video on how to buy XRP using different methods including bank accounts, cards, and external wallet applications. 

---

Follow us on Twitter, Facebook, Telegram, and Google News