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- US cryptocurrency exchange Uphold is offering 10,000 XRP (about $5,000 USD) to a user who makes qualifying trades worth $20 USD next October.
- Uphold previously offered 4% cashback for XRP to UK customers.
- The future rise of XRP could be affected by factors such as adoption and the outcome of the lawsuit between Ripple and the SEC.
Support XRP distribution
US-based cryptocurrency exchange – Uphold – announced that it will send 10,000 XRP to one of its users this month. Customers must make at least $20 in qualifying trades on the platform to stand a chance to win the prize.
We give 10,000 #XRP For one lucky trader in October
For every $20 of qualifying trades you make on our platform, you will get a chance to be entered into a draw.
The more you trade, the more chances you have!
– Uphold (@UpholdInc) October 9, 2023
The distribution value of 10,000 XRP tokens is currently around $5,000. The team behind the market explained that the offer is only available to US residents.
Uphold is among the leading cryptocurrency exchanges in America. According to its official website, it has more than 10 million users and supports more than 250 digital assets.
View previous XRP
This is not the first time Uphold has offered special options that include the native Ripple token. The company recently revealed that customers can earn up to 4% cashback in XRP on their daily spending. The offer has been launched in the United Kingdom (UK) and is currently only available to British customers.
The adoption of XRP is among the factors that could contribute to the asset’s potential rise. According to ChatGPT, other elements include the outcome of Ripple’s lawsuit against the SEC, regulatory clarity, technological developments, market sentiment, and more.
Those who are curious to see how the coin will perform during a potential future rally can take a look at the video below:
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