Bittrex exchange suspends trading and deposits of XRP

Coinbase, Bitstamp, and Crypto.com also have plans to suspend XRP trading.

Bittrex announced the suspension of trading and deposits of XRP, a week after the Securities and Exchange Commission (SEC) accused Ripple Labs of selling unregistered securities.

Bittrex suspend le XRP

Bittrex is the eleventh exchange or fund to be delisted or suspended from trading in XRP: Coinbase, OKCoin, Beaxy, Galaxy Digital, B2C2, Bitstamp, Jump Trading, Bitwise, CrossTower, and OSL have made similar announcements.

We can read in the press release :

“Bittrex will suspend XRP trading on Friday, January 15, 2021 at 4:00 PM (PST). Until further notice, clients will continue to have access to their XRP wallet. “

XRP is still open for trading on Binance and Kraken. However, these platforms could follow suit soon.

Bittrex was founded in 2014 by three cybersecurity engineers namely Bill Shihara, Richie Lai and Rami Kawach. The exchange is known to reference a large number of cryptocurrency.

Coinbase and Bitstamp

Coinbase also plans to completely halt XRP trading on Tuesday, January 19, 2021 for all of its users.

The popular Crypto.com app has also announced the withdrawal of XRP. According to an official statement, clients based in the United States will no longer be able to purchase XRP starting January 19. However, the recent decision will have no impact on withdrawals.

Currently, the exchanges that have suspended XRP are almost all based in the United States. It is likely that Asian platforms will start to follow suit soon.

The price of XRP fell from 0.63 dollars to 0.20 dollars, a fall of more than 65% in 10 days. XRP is trading at $ 0.21 as of this writing.