XRP: Crypto Exchange Bitrue Shares Important Update for XRP Holders

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Announcement drew varied responses from XRP community

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In a tweet, Bitrue announced that Xahau's XAH Mint Event has concluded. Prioritizing the interests of its users, Bitrue says it has refunded all locked XRP to users' accounts. Xahau, XRP Ledger's first protocol sidechain, launched last week.Mint Event has concluded.

Bitrue's XAH mint will be done 1:1 per the XRP burned. Then, a seeming challenge appeared, given the disparity in the prices of both tokens.However, Bitrue notes in its most recent update that it has decided to refund all locked XRP to users' accounts, making a U-turn on its prior update of burning XRP tokens. At press time, no further information was available on the status of the minted XAH tokens.

Trading for XAH, the Xahau network's native crypto asset, began in the last week after it was listed on the Bitrue crypto exchange.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.4.

 

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