Crypto.com exchange will suspend trading for XRP in response to the United States Securities and Exchange Commission taking legal action against Ripple.
According to a blog post published today by Crypto.com, the exchange said:
“Effective January 19, 2021 at 10am UTC, XRP will be delisted and trading suspended from the Crypto.com App in the U.S..
U.S. based customers won’t be able to deposit XRP into the Crypto.com App as of January 19th, 10am UTC. withdrawal of XRP from the Crypto.com App will not be affected.”
The exchange will continue to support the Spark (FLR) Token Distribution, which is currently set for the first half of 2021, and this is subject to change at Flare’s discretion.
Since news of the SEC charges broke, the price of XRP has fallen more than 50% as some exchanges have announced they will halt trading for the token, including Coinbase, OKCoin, 21Shares, OSL, Beaxy, and CrossTower. Bitstamp is also planning to suspend XRP trading for US customers.
Read more:
- Coinbase And OKcoin Will Suspend XRP Trading By Next Month
- Swiss Crypto Asset Manager 21Shares Removed XRP From Its ETPs Because SEC Filed A Case Against Ripple