Market Shaking: 26 Platforms End Ripple (XRP) Transactions!
Ripple (XRP) has ended support for 26 crypto platforms Ripple (XRP) while preparing for a legal battle with the US Securities and Exchange Commission (SEC).
26 crypto platforms end support for Ripple (XRP)
Popular analyst Leonidas Hadjiloizou compiled a list of 26 companies that changed their policies towards XRP after allegations that cryptocurrency could be an unregistered security. Each cryptocurrency platform adopts its own parameters regarding cryptocurrency sales or exchange. Some companies have removed support for XRP only on US platforms, while others have ended trading for XRP globally. Also, some crypto exchanges have removed the altcoin from their list, while others have stopped, suspended or disabled trading for XRP .
Crypto market maker B2C2, along with popular cryptocurrency exchanges Bitstamp, Abra and eToro, have suspended XRP trading in the US only. Meanwhile, the crypto exchange Stex has disabled XRP trading in the US only. Exchanges Coinbase, Beaxy, OSL, OKCoin, Ziglu, and iTrustCapital are suspending trading for Ripple’s local presence, but they choose to do so in all countries where they operate. Market makers Jump Trading and Galaxy Digital take the same approach.
Coinbase faces a lawsuit over XRP sale
As for the cryptocurrency exchanges that have removed XRP entirely in the US, these include BinanceUS, CrossTower, Crypto.com, and Bittrex. Crypto wallet Swipe is removing XRP for its users in the USA. The trading platform Eobot is the only exchange to make XRP globally. Asset manager 21shares and Sarson Funds are also removing XRP from the list globally. Sarson Funds, along with crypto asset manager Bitwise, also liquidated its positions in XRP.
Crypto payment company Simplex blocks XRP transactions globally, while payment company Wirex is only terminating XRP payments to the US . Brokers Genesis Trading and Bitcoin Suisse have completely removed XRP support. Some crypto platforms have already been involved in legal battles due to their previous support for cryptocurrency. Coinbase is facing a lawsuit over the sale of XRP. Plaintiff claims that he sold XRP, despite knowing that Coinbase is an unregistered security.
What is the latest in Ripple (XRP) price?
The fourth largest cryptocurrency, Ripple, is trading at $ 0.22, down 4 percent at the time of writing. The popular altcoin currently has a market value of $ 10 billion. At the time of writing, Ripple manages a trading volume of $ 4.8 billion in the last 24 hours at market capitalization.