More than 15 cryptocurrency exchanges have already suspended the XRP due to the SEC’s lawsuit against Ripple. The latest to delist XRP is Binance.
December 31, 2020 | AtoZ Markets –US crypto exchange Binance.US announced to end support for the XRP token. The platform will delist the coin on January 13, 2021.
“Starting January 13, 2021 at 10:00 AM EST, XRP will not be available on the Binance.US platform. Trading and deposits will be suspended,” the statement said.
Binance.US and other exchanges delist XRP
The delisting will not prevent users from claiming their Spark (FLR) tokens in 2021. More information on the distribution of tokens and how to obtain them will be provided at a later date.
Bittrex cryptocurrency exchange stops supporting XRP trading pairs. The company announced this on its official website. According to the announcement, starting January 15, Bittrex will stop supporting the following trading pairs:
- BTC -XRP;
Despite the closure of trading pairs, the exchange does not remove XRP from the listing. It is reported that users will continue to have access to XRP exchange-traded wallets. Also, the European crypto startup Wirex refused to support XRP, reports The Block with reference to the company. However, there is no official announcement about the end of support for XRP in Wirex at the time of writing.
Thus, more than 12 cryptocurrency platforms have already stopped providing XRP services. Earlier, the American crypto exchange Coinbase and the Swiss manager of crypto assets management 21Shares announced their decision to abandon XRP.
Notably, B2C2 cryptocurrency trading platform, owned by Japanese conglomerate SBI Holdings, has also removed XRP from its US client listing. Crypto exchanges began to systematically remove the XRP token from the listing after the US Securities and Exchange Commission (SEC) accused Ripple of unregistered sale of securities under the guise of tokens.
Against the backdrop of legal proceedings, the XRP/USD price managed to fall below $0.30. At the time of this writing, the XRP rate is $0.21.
Thus, the list of companies that stopped supporting XRP includes:
- Galaxy Digital;
- Bitcoin Suisse;
- Jump Trading;
- OSL ;
- Beaxy Exchange;
The marketplaces say the decision to delist XRP is directly related to the lawsuit between the SEC and Ripple Inc.
The head of Ripple, Brad Garlinghouse, has already called the actions of the regulator “an attack on the entire crypto industry and American innovations.”
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