26 crypto exchanges so far have dropped support for XRP after the SEC lawsuit which we reported about in our Ripple news before.
The growing list of crypto platforms that are stopping their support for XRP seems to expand even further. Currently, there are 26 crypto exchanges that dropped their support for XRP as Ripple prepares for a legal battle with the United States Securities and Exchange Commission. Analyst Leonidas Hadjiloizou compiled a list of 26 companies that changed their policies surrounding XRP in response to the allegations that the asset could be an unregistered security.
Each crypto platform adopted its own parameters about the sale or the exchange of these crypto-assets and some companies even removed support for the asset on their US platforms while others cut off XRP trading globally. Some exchanges delisted the assets while others halted, disabled, or suspended trading. Crypto exchanges Bitstamp, eToro, and Abra along with market maker B2C2 suspended trading for XRP in the US only.
Other exchanges like OSL, OKCoin, Beaxy, Ziglu, and iTsut Capital suspended trading for Ripple’s native asset as well but are choosing to do so across the world where they operate. Market Makers Jump Trading and Galaxy digital are taking the same approach. As for the crypto exchanges delisting XRP entirely in the US, some of them include CrossTowter, Bittrex, Crypto.com, and Binance US. Swipe also delisted XRP for the US users as well. Trading platform Eobot is the only exchange that removed XRP on a global scale.
Asset manager 21shares delisted XRP globally along with Sarson Funds. The latter also liquidated all positions in xRP along with the fellow crypto asset manager bitwise. Crypto payments company Simplex blocked XRP transactions while the Wirex payment company is excluding XRP payments in the US only. Brokers Genesis Trading and BTC Suisse removed support for XRP entirely and some platforms even entered legal battles because of their previous support for the digital assets in question. Coinbase is facing a lawsuit as well, for selling XRP tokens and earning on commissions. The plaintiff alleged that the exchange allows trading knowing that it was an unregistered security.
As recently reported, In what seems to be an interesting development, a group of XRP supporters decided to launch a Ripple petition and to force the White House into declaring XRP as a currency while also fighting back the allegations that the US Securities and Exchange Commission made.
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