How Is the XRP Lawsuit Going And How Investors Make More Money on the Recent Fluctuation of XRP Prices?
Recently, the SEC vs. XRP lawsuit received widespread attention towards investors and the crypto market also fluctuated severely. According to the latest news, Ripple, the company that issues XRP, is expanding as it forms a partnership with a major remittance service in the Asia Pacific, Navotti. Meanwhile, XRP holders have filed a motion claiming that the SEC does not represent their interests.
Deaton Law’s lawyer John Deaton has filed a motion to alleged SEC of misrepresenting the XRP holders as he asserted, “The SEC allegations are riddled with material misrepresentations about XRP Holders; their reliance on Ripple, their use of XRP, and their independent development of the XRP ecosystem.” In response to the objection, the SEC has to file the defense papers about the motion by May 3 and Federal Judge Analisa Torres will be giving a decision whether this motion can be granted by May 17.
Since the SEC announced charges against Ripple, many major exchanges like Coinbase and Kraken have halted the trading of XRP, and the price of XRP dipped heavily. However, the recent phased victory of Ripple and the intense long-short market has driven the price of XRP to $1.74 and then fell 20% this week. Those savvy investors can tell from this fluctuated situation that it is a good time to trade XRP, especially with leverage trading.
To help traders earn more cryptocurrency, leading crypto derivatives exchange Bexplus has launched a 100% deposit bonus promotion to all traders. If you deposit 1 BTC, 2 BTC will be credited to your account. Every user can get up to 10 BTC for each deposit.
Bitcoin’s high volatility had made a comeback and currently presents more opportunities for traders to make profits. Taking advantage of the price swings and leverage offered by brokers, trading can easily generate 100% or even 1,000% ROI.
Why choose Bexplus?
Bexplus is a leading crypto derivatives platform offering 100x leverage in BTC, ETH, EOS, LTC, and XRP futures contracts. Headquartered in Hong Kong, Bexplus is trusted by over 100K
traders around the world, including the USA, Japan, Korea, and Iran. No KYC, no deposit fee, traders can receive the most attentive services, including 24/7 customer support.
100X Leverage & How Does 100X Leveraged Trading Work?
Assume we use 1 BTC to open a long contract when Bitcoin is trading at $10,000. Please note that with 100x leverage, 1 BTC can open a contract worth 100 BTC.
One day later, the price of Bitcoin increase to $10,500.The profit will be ($10,500 – $10,000) * 100 BTC/$10,500 *100% = 4.76 BTC, making the ROI 476%.
Now, with Bexplus’ 100% bonus, our initial investment would be 2 BTC, and our realized profit made with these 2 BTC will be 9.52 BTC, and the ROI will also be doubled to 952%.
With leverage, it’s important to be vigilant, as returns can be outstanding, but liquidations are easier if the price moves down.
No KYC
No KYC protocol is strictly carried out throughout every process. Registration only requires email confirmation and only takes a minute. Bexplus provides services to traders from 30+ countries, including the USA, Japan, Korea, and Iran.
Demo account with 10 BTC
To help traders better familiarize themselves with leveraged trading, Bexplus has launched a trading simulator. There are 10 replenishable BTC in the demo account for traders to practice as much as they like, without taking any risks. You can also learn to analyze the market and use the tool-kit with the demo account.
BTC wallet: up to 21% annualized interest without any risks
If you want to take a short break from trading, the Bexplus BTC wallet can help you generate juicy profit without trading. With up to 21% APY, it is no doubt one of the most profitable rates in the industry. While most lending platforms require traders to deposit at least 1 BTC, traders can make a deposit starting from 0.05 BTC on Bexplus.
What can I do with the bonus?
The bonus is not withdrawable, but traders can use it as margin to open bigger positions and take more profit. Profit made with the bonus is withdrawable. Besides, with bigger margin, traders’ positions are less likely to get liquidated when there are huge price swings.
You might miss the opportunity to buy cheap Bitcoin, but you can still make handsome profits with the revival of Bitcoin. If you are prepared to accumulate more BTC.
Join Bexplus and claim your bonus now!
The post How Is the XRP Lawsuit Going And How Investors Make More Money on the Recent Fluctuation of XRP Prices? appeared first on Ripple Coin News.
OhNoRipple via https://www.ohnocrypto.com/ @Gracie Perez, @Khareem Sudlow