- Uphold’s $XRP giveaway offers 10,000 tokens, valued at $5,000.
- Eligibility requires $20 in eligible trades, with each $20 increment earning an entry.
- Exclusive to US residents, Uphold reaffirms its support for XRP amid ongoing regulatory discussions.
Uphold, a well-known cryptocurrency exchange, has recently introduced an exciting opportunity for one of its users to receive a generous 10,000 $XRP token airdrop this month. To be eligible for this giveaway, valued at approximately $5,000 at the time of this announcement, Uphold users must meet specific requirements on the platform.
According to Uphold’s official statement, users must engage in a minimum of $20 worth of eligible trades to qualify for an entry into the draw. For each set of $20 in eligible trades, users earn one entry, increasing their chances to win this substantial prize.
We’re giving away 10,000 #XRP to one lucky trader in October 💼
For every $20 of eligible trades you make on our platform, you’ll get an entry into the draw.
The more you trade, the better your chances!
— Uphold (@UpholdInc) October 9, 2023
It’s important to note that this offer is exclusively available to residents of the United States. Uphold is a leading cryptocurrency exchange within the country, boasting a user base of over 10 million individuals and support for more than 250 digital assets.
Uphold has consistently demonstrated its support for the native token of the XRP Ledger. Earlier this year, in response to a trending topic on Twitter where users called for trading platforms to relist XRP, Uphold reiterated its commitment to XRP. Several exchanges had previously delisted XRP after the U.S. Securities and Exchange Commission (SEC) initiated legal action against Ripple Labs, alleging that XRP was an unregistered security in 2020.
The lawsuit revolved around allegations that Ripple Labs had incentivized cryptocurrency exchanges to enable the trading of XRP on their platforms. At the core of the legal dispute was the determination of whether XRP should be classified as a security requiring registration with the regulator.
Uphold responded to the trend by highlighting that XRP continued to be listed on its platform, and it affirmed that it had never removed XRP. As reported by CryptoGlobe at the time, Uphold announced its intention to maintain XRP listings until the SEC’s lawsuit against Ripple Labs reached a resolution, effectively determining the regulatory status of the token.
Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.