The SEC lawsuit against Ripple has serious consequences, and the largest crypto exchanges have decided to suspend trading in XRP.
Ripple Labs Inc., which is behind one of the most successful crypto projects, is experiencing an extremely difficult period. Following a recently published SEC lawsuit against Ripple for an unregistered offer of securities, popular crypto exchanges have decided to suspend trading in XRP.
The first to respond to the lawsuit was Coinbase, which announced on 28 December that it would cease trading in XRP from 19 January 2021. It was immediately followed by an announcement from Binance US that it would also suspend trading and deposits with XRP from 13 January.
The last of the large and well-known companies is also the eToro platform, which will suspend XRP trading in the USA from January 3.
However, all of these crypto exchanges reassure owners that the suspension will not affect customers’ access to wallets and withdrawals will remain active.
Persistent problems are also reflected in the market price of XRP, which is currently trading at $ 0.24, which represents a decrease of 93.6% from the measured maximum of $ 3.78.
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