XRP Scores New Listing on Arkham Exchange

XRP, a prominent cryptocurrency closely associated with Ripple, has recently been listed for trading on the Arkham Exchange.

The announcement revealed that the token is now available for both spot and futures trading. The addition of XRP to another major trading platform comes as no surprise, given the token’s growing prominence in the crypto space in recent years.

XRP’s journey has been eventful, particularly its remarkable rally in November, which saw it outperforming many other major cryptocurrencies. This surge is a stark contrast to the struggles it faced in early 2021 when major U.S. exchanges delisted the token amid the SEC’s lawsuit against Ripple.

However, following a significant court ruling that declared secondary XRP sales not to be securities, several exchanges like Coinbase and Bitstamp relisted the token.

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With expectations that the new leadership of the SEC under Paul Atkins will take a more crypto-friendly approach, many believe XRP could continue to benefit from a more favorable regulatory environment.

After briefly surpassing the $2.80 mark during its rally, XRP’s price has cooled off, currently trading at $2.42, though some traders are still optimistic about its potential for further growth.

Alexander Zdravkov