Japanese Exchange TaoTao to Re-List XRP Soon
The XRP market crashed after the US Securities and Exchange Commission found Ripple guilty of selling securities. In a matter of days, billions of dollars were lost and prices soared. After that came the delists. Leading exchanges such as Coinbase, Binance, and Kraken have either stopped trading in cryptocurrency or delisted altogether. One by one, they are now adding XRP again, the latest Japanese exchange TaoTao.
TaoTao recently announced the re-launch of cryptocurrency, which has now dropped to seventh place on the market cap charts. The Japanese trading platform will launch all XRP related services on September 22 at 16:00 local time.
According to a report from Yahoo Japan, the exchange will schedule a regular maintenance on the first date. Furthermore the exchange will offers trading pairs based on Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
With these actions, TaoTao has now joined several XRP re-registered exchanges in Japan, including the Phemex and Rakuten exchanges. However, major exchanges avoided this move and instead waited until the legal conflict with the SEC was over.
In a recent mishandling event by Coinbase which plunged into a short-term recovery of the coin due to a crash on its professional trading platform, while soon after which Exchange news denied of the listing, thus getting the ‘XRP Army’ disappointed and this event even effected the price soon as it suffered a 10 percent price reduction in the value.
The continued distance between major exchanges such as Coinbase, Kraken, OKEx, and Binance shows how important the current legal battle over the future of XRP cryptocurrency is. If the SEC is successful and XRP declares itself secure, it will effectively close the token from all major exchanges operating in the US.
As the fight continues many experts believe that the token will never be recovered from a legal battle because at some points it is tough to decide who’s winning and who’s losing.