简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:GateHub, a U.K-based hot wallet company that allows users to store and trade cryptocurrencies on its platform, has come out in support of Ripple and XRP amidst the latter’s legal troubles with the United States’ SEC.
GateHub, a U.K-based hot wallet company that allows users to store and trade cryptocurrencies on its platform, has come out in support of Ripple and XRP amidst the latter‘s legal troubles with the United States’ SEC.
According to a statement released by the platform, GateHub will continue to list XRP until the SECs complaint against Ripple is adjudicated on and a final decision that classifies XRP as a “security” is made, or until it receives a cease-and-desist notice from the SEC. In a blog post d “Announcement to XRP holders,” the company added,
“We have never believed that XRP is a security under the prevailing ”Howey“ test in the US, and regard XRP primarily as a utility token whose value is based on its use in payments and foreign exchange. Nor have we personally witnessed any improper market conduct by Ripple Labs or its senior officers.”
GateHubs decision is in stark contrast to the one taken by several wallet companies and exchanges that chose to delist or suspend XRP from their platforms entirely.
It is worth noting that GateHub has been an advocate for XRP since the very beginning since it was built specifically for the XRP cryptocurrency back in 2014. It later added support for several other coins, including BTC, ETH, and USD.
In fact, a similar sentiment was shared by Japan-based SBI Holdings, a long-term partner of Ripple, after it issued a statement to come to XRPs defense.
All things considered, geography may play an important part in these decisions at this point in time since SBI and GateHub have operations based outside the jurisdiction of the United States.
The largest U.S-based crypto-exchange, Coinbase was one of the first exchanges to announce the suspension of trading XRP, moving it into ‘limit only’ last month with the full suspension to take effect from 19 January. Binance U.S was quick to follow suit, with the suspension of XRP trading expected to take effect from the 13th.
Despite being delisted from several exchanges, however, XRP‘s price has recovered slightly since its crash following the news of the SEC’s lawsuit against Ripple. However, with the cryptocurrency trading with considerably lower liquidity, many investors have been cautioned about the risks associated with trading it.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
In the world of online trading, success is not just about making profitable trades—it's also about effectively managing risk. One of the most crucial aspects of risk management is setting stop loss and take profit points, as well as determining appropriate leverage levels.
Tickmill has integrated SoFinX's platform to enhance its copy trading services, promising a superior trading experience.
Early summer in Hong Kong saw the sun shining over the sparkling waters of Victoria Harbour, much like the bright ideas shaping the future of the financial industry. Today (May 17), the highly anticipated financial event, The WIKI FINANCE EXPO HONG KONG 2024 concluded successfully at SKY 100 in ICC, Tsim Sha Tsui, Kowloon, Hong Kong. Organized by WikiGlobal, this financial technology extravaganza gathered top figures from the global financial sector to explore the development and future trends of financial technology.
The article underscores the imperative for public vigilance against impersonation scams targeting bank customers, emphasizing the heightened risk posed by fraudulent calls from individuals masquerading as National Scam Response Centre officers.