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.
Due to recent events, we are no longer able to offer $XRP purchases using credit cards for users in the United States. @SimplexCC
— Bitrue (@BitrueOfficial) December 24, 2020
Other services are not affected. pic.twitter.com/dxisA43D6g
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
On January 4th 2021 at 7:00 PM PST, we will suspend $XRP trading and deposits.
— OKCoin (@OKCoin) December 28, 2020
Read more: https://t.co/kwKN97xZJO
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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