Quick take:
- XRP trading will be halted next month on Bittrex, eToro US and Binance.US
- The exact dates on each exchange are January 15th, January 3rd and January 13th
- All three crypto exchanges cite the ongoing lawsuit by the SEC against Ripple
- Other exchanges to suspend trading of XRP include Coinbase, OKCoin, Bitstamp, B2C2 with the list growing daily
The remittance coin of XRP was dealt another blow in the form of three prominent crypto exchanges announcing that they will be suspending trading of the digital asset next month. The crypto exchanges include Bittrex, eToro US and Binance.US. The ongoing lawsuit by the SEC against Ripple is the reason behind their actions.
XRP Trading Pairs Delisted on Bittrex
To begin with, Bittrex announced that it was removing all XRP markets effective Friday, January 15th at 4 pm (PST). However, the team at exchange clarified that user wallets will still be active.
Until further notice, customers will continue to have access to their XRP wallet on Bittrex after the markets are removed. Any further updates will be provided through Twitter and/or Customer Support.
eToro to Suspend XRP Trading in the US
Secondly and earlier today, the team at eToro announced that XRP trading for their US customers will be halted on January 3rd at 12 pm Eastern Standard Time. This means that US residents will no longer purchase, convert, or sell XRP on the platform beginning January 3rd.
However, US users can still hold XRP in their eToro wallets and move them to other wallets as they please. They explained:
All customers, including US customers, may continue to hold XRP in their eToro Wallet, and those customers still holding XRP on the eToro platform after January 24th can transfer their XRP to an eToro Wallet at any time. Additionally, customers holding XRP in the eToro Wallet may also transfer their XRP to any XRP wallet address unaffiliated with eToro at any time.
Binance US to Suspend XRP Trading and Deposits
Thirdly, the team at Binance US announced that trading and deposits of XRP will be halted on January 13th at 10 am EST. However, withdrawals will not be affected.
Like Coinbase, Binance US will honor the Spark Token (FLR) distribution scheduled for early next year.
Notable Exchanges that Plan to, or Have Suspended XRP trading
The aforementioned three exchanges suspending XRP trading next month, join a growing list of platforms that have announced a similar stance. Notable exchanges and platforms include:
- Coinbase
- OKCoin
- Beaxy
- Bitstamp
- B2C2
- Crosstower
- Crypto.com
- Wirex
