Monday, 28 December 2020

Latest Exchanges to Suspend XRP Trading and Deposits

 By Deya Hroob

   Bitrue exchange will no longer offer XRP purchases using credit cards for users in the United States but they don't have plans to halt XRP trading for other users.

 It's known that more than 10% of XRP trade volume comes from Bitrue due to the cooperation between Bitrue and Ripple. Therefore, Bitrue added XRP as a base pair in July 2018 and has maintained a close relationship with Ripple and the XRP community.

The well-known exchange platform eToro announced that they  will continue to monitor the situation closely between the Ripple firm and the SEC  following the news that the U.S. Securities and Exchange Commission would be pursuing legal action against Ripple.

"  We will continue to monitor the situation closely and will update you as soon as we know of any changes in our offering or any major developments." Said eToro

Crypto exchange OKCoin also announced it would delist XRP

" We have been closely monitoring the news surrounding the December 22nd SEC lawsuit against Ripple, the company behind XRP, and two of its key executives. As the lawsuit proceedings take place, we have determined it is the best course of action to suspend XRP trading and deposits on OKCoin " said OKCoin blog

However, OKCoin Twitter account stated that users can still withdraw $XRP after Jan 4. Or choose to keep it on OKCoin

 Suspension only applies to $XRP trading and deposits. All other exchange functions will operate normally.

Bitstamp Exchange  is also planning to suspend XRP trading, but only for users based in the U.S.

Since the news XRP price has declined more than 35%. At the time of writing XRP is trading at 0.28

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