Uphold, a cryptocurrency exchange based in New York, is willing to give away more XRP giveaways to end 2023 “with a bang.” The company announced that 25 users will each receive 1,000 XRP, with one lucky trader receiving 100,000 XRP, or approximately $63,000 at current rates.
Participants in the offering are required to make at least $20 worth of eligible trades on the platform. You can get as many entries as you want, so the more trades you make, the better your chances are,” Uphold explained.
It is important to note that only residents of the United States are eligible to receive the tokens. Similar offerings were also made available by Uphold in November and October, with prizes of 20,000 XRP each.
The past airdrops were accessible to occupants of the US (barring New York and Florida). The inclusion of these states in the December prize draw is still unknown.
At the end of October, the blockchain company that backs the XRP token partnered with Uphold “to underpin and enhance its cross-border payments infrastructure,” as CryptoPotato reported. The partnership, according to the CEO of the exchange, Simon McLoughlin, exemplifies how the strengths of both companies could be combined to “make efficient crypto-to-fiat transfers and bank payouts.”
Shortly thereafter, XRP appeared to have piqued the interest of a large number of Uphold customers, and during the week of November 18 through November 25, the asset became the most traded digital currency on the market. At the time, Ether (ETH) and Bitcoin (BTC) were ranked fifth and eighth, respectively.