They are currently relisting XRP one after the other, with the most recent being TaoTao, a Japanese exchange. TaoTao lately stating that it will relist the crypto, which has now fallen to eighth in the market cap rankings. On September 22nd, at 16:00 local time, the Japanese trading platform will permit full XRP services.
According to Yahoo Japan, the crypto exchange will initially perform routine servicing on the specified day. Following that, it will provide trading pairings based on Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
TaoTao debuted in May 2019, having originally operated as BitARG. YJFX, an affiliate of Yahoo Japan, held a stake in it at that point. It was purchased by the SBI Group, a long-time Ripple and XRP collaborator and backer, in October 2020. This came after negotiations with Binance had come to a halt.
#Japanese crypto exchange TAOTAO will be relishing #XRP from 22nd of September! ð¥ð https://t.co/VMTTvtItDp#XRPCommunity #XRPHolders #XRPARMY #crypto #btc #eth
â Canvas Group (@Canvasjpn) September 12, 2021
TaoTao is the latest exchange to relist XRP, joining Phemex and Japanâs Rakuten Exchange. Nevertheless, the main exchanges have abstained from making the shift, preferring to wait until the legal battle with the SEC is resolved.
Coinbase was lately involved in a brief relisting snag when a malfunction in its professional trading platform revealed that it had taken this approach. The exchange then denied the story, much to the chagrin of the âXRP Army,â and the price plummeted by 10%. The persistent gap that big exchanges like Coinbase, Kraken, OKEx, and Binance have placed between themselves and XRP demonstrates how important the present legal fight is to the cryptocurrencyâs survival.
If the SEC prevails and XRP is deemed a security, the token would be essentially barred from nearly all key exchanges functioning in the United States. Ever since SECâs investigation into Ripple, the XRP price has been volatile. Additionally, many analysts feel that the token would never recover from the court fight. XRP has dropped 17% in the last week and is now trading at $1.08, which is 70% lower than its all-time peak of $3.84 achieved more than three and a half years ago.