XRP Holders Scored Major Win, Phemex To Relist XRP

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On December 31, 2020, exchange platform Phemex announced its decision to suspend trading with the token XRP. However, investors and the XRP community can celebrate what could be the first of many relisting decisions. Phemex announced that it will resume trading with this token. The platform will introduce XRP trading along with trading for 8 additional tokens. These include Basic Attention Token (BAT), Decentraland (MANA), both assets recently added to Grayscale’s product, Enji Coin (ENJ), Chiliz (CHZ), SushiSwap (SUSHI), Synthetix (SNX), Graph (GRT), and Maker (MKR). Last year, Phemex suspended trading for XRP due to the lawsuit filed by the Securities and Exchange Commission (SEC) against Ripple Labs for the alleged sales of an unregistered security. At that moment, XRP’s outlook was uncertain and Phemex was selective with the coins listed on their platform. Their policy is much stricter than some of its competitors – only listing projects with high…

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