As the leading remittance payments firm Ripple is facing another lawsuit from one of its key lead investors Tetragon Financial, the list of cryptocurrency exchanges suspending support for its native digital currency has expanded further. Two more digital currency exchanges have announced to dismiss trading for the fourth-ranked digital currency. Meanwhile, the cryptocurrency is showing some recovery as the price of the coin has come back above the $0.25 level.
Blockchain.com, a cryptocurrency exchange and a famous digital assets wallet provider, has announced that it has decided to halt the trading of XRP. Starting from the 14th of January at 11:59 PM GMT, users of the exchange would not be able to deposit more XRP into the wallets of the exchange, the firm said in a blog post released on the 4th of January. Nevertheless, the company said that users will still be able to access their XRP balances and would be able to send their XRP after the suspension of trading. The crypto exchange has not, however, revealed when it plans to restart the trading service for XRP.
The crypto exchange’s this decision has come in the wake of the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC).
Following Blockchain.com and other major cryptocurrency exchanges, the digital currency exchange Voyager Digital has also joined the XRP delisting party. As reported by CoinDesk, Voyager has announced that it will stop providing trading services for XRP in the light of SEC’s lawsuit against Ripple. As per the company’s announcement, the suspension of XRP trading will come into effect on the 18th of January. The crypto exchange, however, has not halted the service of withdrawals for users who will be able to withdraw their tokens after the given deadline.
Blockchain.com and Voyager Digital have become the latest cryptocurrency exchanges to disallow the trading of XRP. The list has already grown up as various crypto exchanges have already made such announcements in the light of the legal fight between SEC and Ripple. Some of these exchanges are Coinbase, Binance US, OKCoin, and Bistamp.
Meanwhile, Ripple’s native digital currency has shown some recovery as the price of XRP has returned back to the $0.25 level. XRP has also regained its fourth spot as well. At the time of writing, the price value of XRP is up by more than 11 percent in the last 24 hours.