Major Cryptocurrency Exchange Launches 10,000 $XRP Giveaway

Popular cryptocurrency exchange Uphold has recently announced it’s airdropping 10,000 $XRP tokens to one of its users this month after they meet specific eligibility requirements on its platform.

According to Uphold’s announcement, to qualify for the 10,000 XRP token airdrop, which at the time of writing is worth around $5,000, its users will need at least $20 of eligible trades to qualify, with each set of $20 in eligible traders meaning one entry into the draw.

The team behind the cryptocurrency exchange has noted that the offering is only available for US residents. The platform, it’s worth noting, is among the leading cryptocurrency exchanges in the country with over 10 million users and support for more than 250 digital assets.

It’s worth noting that Uphold has, in the past, reaffirmed its support for the native token of the XRP Ledger. Earlier this yar on social media, Uphold reacted to a trend on the microblogging platform Twitter where users kept on asking for trading platforms to relist XRP. XRP was delisted from several exchanges after the U.S. Securities and Exchange Commission (SEC) sued Ripple Labs over the sale of XRP, alleging it’s an unregistered security, in 2020.

The lawsuit alleges the firm paid cryptocurrency exchanges to permit “the buying and selling of XRP” on their platforms. At the heart of the lawsuit is whether XRP is a security that should have been registered with the regulator or not.

Uphold reacted to the trend by pointing out that XRP is listed on it, and later affirmed it was never delisted. As CryptoGlobe reported at the time, Uphold revealed then it was going to maintain XRP listed until the SEC’s lawsuit against Ripple Labs is resolved and legally determines that the token is a security.

Featured image via Pixabay.

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