How Is the XRP Lawsuit Going And How Investors Make More Money on the Recent Fluctuation of XRP Prices?
The SEC’s lawsuit against XRP has drawn a lot of attention from investors lately, and the cryptocurrency market has also seen strong swings. According to recent reports, Ripple, an XRP company, is expanding by partnering with a major money transfer service in the Asia-Pacific region, Navotti. Meanwhile, XRP holders have filed a motion alleging that the SEC is not representing their interests.
Deaton Law attorney John Deaton has filed a motion with the so-called Securities and Exchange Commission (SEC) alleging that XRP holders have been misinformed:. The SEC’s allegations are replete with material misrepresentations about XRP holders, their reliance on Ripple, their use of XRP, and the independent development of the XRP ecosystem. In response to the protest, the SEC has until May 3 to file a defense to the motion, and Federal Judge Analise Torres has until May 17 to do so. Can decide whether to grant the request.
Since the SEC’s indictment of Ripple, many major exchanges, such as Coinbase and Kraken, have suspended trading in XRP, and the price of XRP has fallen dramatically. However, Ripple’s recent surge and an intense long-short market pushed the price of XRP to $1.74 this week, before falling 20%. These smart investors can see in this volatile situation that it is a good time to trade XRP, especially with leverage.
To help traders earn more crypto-currencies, leading crypto-currency derivatives marketplace Bexplus has launched a 100% deposit bonus promotionfor alltraders. When you deposit 1 BTC into your account, 2 BTC are credited to your account. Each user can receive up to 10 BTC for each deposit.
Bitcoin’s high volatility has returned and now offers traders more profit opportunities. By taking advantage of the price volatility and leverage that brokers offer, the transaction can easily produce a return on investment of 100% or even 1000%.
Why choose Bexplus?
Bexplusis a leading crypto derivatives platform with 100x leverage for BTC, ETH, EOS, LTC and XRP futures. Explus is headquartered in Hong Kong and is trusted by over 100,000 people.
Dealers all over the world, including the United States, Japan, Korea and Iran. No KYC, no deposit fees, traders can enjoy the most attentive services including 24/7 customer support.
100X leverage and how does 100X leverage trading work?
Let’s say we use 1 BTC to open a long contract when bitcoin is at $10,000. Note that with a leverage of 100x, 1 BTC can open a contract worth 100 BTC.
In one day, the price of bitcoin climbs to $10,500. The profit is then ($10,500 – $10,000) * 100 BTC/$10,500 * 100% = 4.76 BTC, or a return on investment of 476%.
Now, with the 100% bonus from Bexplus, our initial investment will be 2 BTC and the profit made with this 2 BTC will be 9.52 BTC and the ROI will also double to 952%.
With leverage, it is important to be carefulbecause the returns can be excellent, but liquidation is easier when the price falls.
No strict KYC protocols are followed throughout the process. Registration requires only an email confirmation and takes only a minute. Bexplus has dealers in more than 30 countries, including the United States, Japan, Korea and Iran.
Demo account with 10 BTC
To help traders familiarize themselves with leveraged trading, Bexplus has launched a trading simulator. The demo account can be loaded with 10 BTC, allowing traders to practice as much as they want without running any risks. You can also learn how to analyze the market and use the instruments with a demo account.
BTC portfolio: up to 21% per year risk free
If you want to take a short break, the BTC Bexplus wallet can help you make juicy profits without trading. With up to 21% APY, this is by far one of the most profitable bets in the industry. While most lending platforms require traders to deposit at least 1 BTC, at Bexplus traders can deposit as little as 0.05 BTC.
What can I do with the bonus?
The bonus is not removed, but traders can use it as margin to open larger positions and make higher profits. Winnings made with the bonus may be withdrawn. In addition, with a higher margin, traders’ positions are less likely to be liquidated in the event of large price fluctuations.