Kraken exchange to halt XRP trading for U.S. Residents from Jan. 29

The US cryptocurrency exchange Kraken announced it is halting trading of the XRP from Jan. 29 at 5 p.m. PT (January 30, 2021 at 1:00 UTC) for U.S. residents. Clients residing in other countries are not affected. XRP markets will continue to operate, uninterrupted, for clients outside the United States.

The U.S. customers will still be able to deposit, hold, and withdraw XRP with Kraken. However, those with spot positions on margin must satisfy any outstanding margin obligations by the close of Jan. 28 or face liquidation.

This does not affect plans regarding the Spark token airdrop.

“We are monitoring the situation regarding the SEC’s filing and will adapt according to any new developments,” the exchange said.

In December, the SEC filed a lawsuit of up to $ 1.3 billion against Ripple. In it, Garlinghouse and co-founder Chris Larsen are accused of participating in the sale of XRP as unregistered securities.

Since news of the SEC charges broke, the price of XRP has fallen more than 66% as some exchanges have announced they will halt trading for the token, including Coinbase, OKCoin, Binance US, Bittrex,, 21Shares, OSL, Beaxy, CrossTower, and Bitstamp.

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