Crypto currency exchange Phemex has announced that it has re-listed XRP.
#Singapore-based trading platform #Phemex has decided to re-list #XRP after surveying its users. More than 74% of those surveyed asked the cryptocurrency exchange to re-offer trading XRP. The market reacted positively to the news, raising prices by more than 40% in the last 48 hours.
Cryptocurrency exchanges are responding to the market's demand for XRP. Speculators are on the rise overwhelmingly as some trading platforms begin to reuse the token.
🔥Majority of Investors Want XRP
A new update in the SEC and Ripple case made headlines in late March and pulled investors back to XRP. According to attorney Jeremy Hogan, the US Securities and Exchange Commission has hinted that exchanges that allow the trading of XRP will not violate any guidelines. Under section 4 of the Securities Act, only Ripple and its affiliates can be accused of illegal sales. Minutes after Hogan's words, the hashtag "RelistXRP" has trended on Twitter.
Singapore-based trading platform Phemex recently conducted a survey to understand the market's XRP demand to gauge the interest of its users. Roughly 74% of the 2,500 people who answered the question “Do you want Phemex to continue trading Ripple XRP” said “yes”.
Phemex CEO Jack Tao confirmed that most of the users who deposit money and pay the trading fees believe that the trading platform needs to reorganize XRP.
“We are very selective and list only projects that have strong potential or have been fully vetted with outspoken public demand. In the case of XRP , our customers spoke loud and clear. Through data gathered from a series of surveys and surveys, we've seen our customers want XRP back.