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Prominent Cryptocurrency Exchange Announces a Massive 10,000 $XRP Giveaway
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Prominent Cryptocurrency Exchange Announces a Massive 10,000 $XRP Giveaway

Oct 12, 2023

Cryptocurrency exchange Uphold has made headlines with its announcement of a generous airdrop of 10,000 $XRP tokens to one lucky user this month, contingent upon meeting specific criteria on their platform.

Uphold has detailed that in order to be eligible for this enticing 10,000 XRP token airdrop, valued at approximately $5,000 at the current market rate, users must engage in at least $20 worth of eligible trades. Each increment of $20 in eligible trades will earn them one entry into the drawing for this exciting giveaway.

The team behind the cryptocurrency exchange has announced that their offering is exclusively accessible to residents of the United States. Notably, this platform ranks among the leading cryptocurrency exchanges in the country, boasting a user base exceeding 10 million and support for over 250 digital assets.

It's important to mention that Uphold has previously reiterated its commitment to the native token of the XRP Ledger. Earlier this year, on social media, Uphold responded to a trending topic on Twitter, where users were repeatedly asking trading platforms to reintroduce XRP. XRP had been removed from several exchanges following a lawsuit by the U.S. Securities and Exchange Commission (SEC) against Ripple Labs in 2020. The SEC alleged that XRP was an unregistered security.

The lawsuit revolves around the question of whether XRP should have been registered with the regulator as a security or not.

In response to the trend, Uphold highlighted that XRP was listed on its platform and later confirmed that it had never delisted XRP. As previously reported, Uphold stated that it would continue to list XRP until the SEC's lawsuit against Ripple Labs is resolved and a legal determination is made regarding whether the token qualifies as a security.

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