Another Bad News for Ripple: PrimeXBT Announces It Will Delist XRP
The repercussions of the US Securities and Exchange Commission’s (SEC) lawsuit against Ripple for allegedly selling $ 1.3 billion of unrecorded securities continue. So much so that a blow to Ripple came from the popular crypto currency exchange PrimeXBT.
The leveraged cryptocurrency exchange PrimeXBT announced on February 1 that Ripple will delist its XRP. According to the announcement, PrimeXBT will remove the platform of XRP / USD and XRP / BTC trading pairs on February 15.
As of February 5, PrimeXBT users will not be able to open new trades in these pairs, and will be able to close existing XRP transactions until February 10.
According to Coingecko data, Seychelles-based PrimeXBT is among the world’s largest leveraged cryptocurrency exchanges with a transaction volume of $ 1.12 billion . The daily trading volume of XRP pairs delisted by PrimeXBT is $ 59 million.
Following the SEC’s lawsuit, PrimeXBT is not the only platform that has delisted XRP. In the past days, many leading platforms such as Coinbase, Bitstamp and Binance US also decided to delist XRP.