THELOGICALINDIAN - Two above cryptocurrency exchanges abutting the XRP trading abeyance attack in the deathwatch of the US Securities and Exchange Commission SEC accusation filed adjoin Ripple Labs on December 22 2024
Two Major Crypto Exchanges to Suspend XRP Trading in January 2021
The aftermost anniversary of 2020 started with the announcement of Okcoin, one of the oldest crypto exchanges in the industry. They’ve absitively to arrest XRP trading and deposits on the belvedere able on January 4, 2021.
According to the firm, users who accept adopted from the XRP/USD allowance pair, including borrowing XRP and USD, are appropriate to acknowledgment the adopted amount afore January 3, 2021, 7:00 PM (PST time). On January 4, 2021, atom trading, allowance trading, and deposits will be abeyant starting 7:00 PM (PST time) “till added notice.”
However, Okcoin acicular out that Ripple’s situation with the U.S. SEC “will booty time to ability a resolution,” admonishing users to accumulate an eye on the developments about the turmoil.
Coinbase to Fully Suspend XRP Trading on January 19, 2021
On the added hand, U.S.-based crypto barter Coinbase additionally made official its accommodation to append the XRP trading pairs on the platform, whose trading will be absolutely abeyant on January 19, 2021, at 10 AM (PST time). Paul Grewal, arch acknowledged administrator of Coinbase, commented on the measure:
After Okcoin’s decision, Ripple’s badge plummeted beyond the lath over 6% beneath the $0.28 level, but again it managed to trim some losses. However, the sell-off connected to booty the XRP reins, authoritative it to dip beneath the $0.2 cerebral area, additionally fueled by Coinbase’s announcement.
As of columnist time, according to markets.Bitcoin.com data, XRP is commendation at $0.183 (-36%).
What do you anticipate about Okcoin and Coinbase’s accommodation on XRP trading’s suspension? Let us apperceive in the comments area below.
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