Saturday, January 16, 2021
Home Crypto News Market Coinbase, OKCoin, Bitwise, Galaxy Digital, Bitstamp, B2C2, All Said Goodbye To Ripple

Coinbase, OKCoin, Bitwise, Galaxy Digital, Bitstamp, B2C2, All Said Goodbye To Ripple

- Advertisement -

Coinbase and OKCoin will stop trading of XRP due to the SEC lawsuit. The cryptocurrency exchange Coinbase will close trading of the XRP token for users in all regions served. A similar decision was made by the OKCoin exchange. Currently, the American exchange Coinbase has become the most considerable platform that has made such a decision on XRP. It accounts for about 8.5% of the global Ripple trading volume.


Users will retain access to their wallets and receive Spark coins as part of the airdrop. Ripple will continue to be supported in the Coinbase Custody and Coinbase Wallet custodial services.


OKCoin exchange will stop trading and accepting deposits in XRP from January 4, 2021. The trading platform asked margin trading participants on the XRP/USD market to return the borrowed funds by January 3. Otherwise, active debt positions will be liquidated.


According to CoinGecko, over the past seven days, the price of XRP has fallen by 55.1%. Currently, the token is at $0.23.

Earlier, XRP trading for US residents was stopped by several major platforms, including Galaxy Digital, Bitstamp, and B2C2.

Management company Bitwise Asset Management has excluded the token from its flagship Bitwise 10 Crypto Index Fund.

On December 23, the US Securities and Exchange Commission filed a lawsuit against Ripple, CEO Brad Garlinghouse, and its co-founder Chris Larsen. According to the SEC, the company sold unregistered securities in the form of tokens for seven years and raised $1.3 billion during this time.

- Advertisement -
Owner of TheCryptoBasic. Involved in cryptocurrencies for more than five years, Love to trade, and write on cryptocurrencies. My basic aim is to provide genuine information to cryptocurrencies readers because crypto is filled with frauds and scams. True information is very rare to get. So I will be providing accurate information about cryptocurrencies topics, that users can trust.


Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Reasons Behind Chainlink (LINK) Price Making New All Time High

Chainlink (LINK) price achieved new highs increasing over $20 touching 22 USD. The price of LINK has risen by close to 30% in the...

SIMBA Chain Got A $1.5 Million Contract From The U.S. Office Of Naval Research To Develop Blockchain-Based Solution For Critical Military Weaponry Parts

SIMBA Chain, a blockchain-based company, has been received a contract of $1.5 million to create a system for predicting demand for critical parts of...

Another Cryptocurrency Exchange Backed XRP: “We Will Continue Listing XRP”

The U.S. financial authority, the SEC, has sued Ripple over the XRP sales. After the securities lawsuit, many popular cryptocurrency exchanges removed XRP from...

A Chinese Hospital Started Issuing Electronic Invoices On Blockchain Technology

The state hospital of Chengmai County in Hainan Province, which positions itself as the center of technology development in China, has released the first...

Kraken Allow Buying Of Monero With A Debit Or Credit Card

The Monero team tweets that it is possible to buy Monero directly on the Kraken crypto exchange with debit or credit card.

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.