Three more major cryptocurrency exchanges have joined the list of those crypto exchanges that have announced to halt the trading of XRP, the native cryptocurrency of Ripple, a remittance payments firm which is currently in a legal fight with the United States Securities and Exchange Commission (SEC). Binance US, Bittrex, and eToro are the newest digital currency exchanges that have announced to suspend the trading of XRP.
Binance US, the United States arm of the world’s largest cryptocurrency exchange Binance recently announced that it has decided to suspend the trading and deposit of XRP on its trading platform. Starting from the 13th of January, the crypto exchange’s users would not be able to deposit or trade the fourth-ranked digital currency. The company clarified in the announcement that the delisting of XRP would not have any effect on the Flare Networks’ Spark Token Airdrop, and they still will be able to claim their Spark (FLR) tokens.
On Tuesday, the United States-based digital currency exchange Bittrex also revealed its plans of delisting XRP from its platform. The crypto exchange said that it would remove the markets of XRP starting from the 15th of January 2021 at 4 PM. It is set to remove XRP markets, including BTC/XRP, ETH/XRP, USDT/XRP, and USD/XRP. However, customers have been allowed to access their wallets of XRP until any further notice regarding this matter is issued.
Following these major crypto exchanges, the Israel-based cryptocurrency brokerage company eToro was the latest one to join other United States-based digital currency exchanges after it announced to suspend the trading of XRP in the United States. While making the announcement on the 31st of December, the brokerage firm said that it would prohibit the trading of XRP only for the customers in the United States. From the 3rd of January, US customers will not be permitted to trade XRP on the trading platform of eToro. The firm, however, said that users will still be able to hold their XRP tokens in the company’s wallet.
All of these three crypto exchanges have announced to discontinue the trading of XRP in the light of the ongoing legal battle between the US Securities and Exchange Commission and Ripple. This SEC versus Ripple battle has already led a lot of major digital currency exchanges to suspend the trading of the fourth-ranked cryptocurrency.
