OKCoin latest exchange to suspend XRP trading and deposits
The crypto exchange said the situation between Ripple and the SEC "will take time to reach a resolution." Crypto exchange OKCoin announced it would delist XRP following the news that the U.S. Securities and Exchange Commission would be pursuing legal action against Ripple.In a blog post released today, OKCoin said its "best course of action" in response to the recent SEC lawsuit would be to suspend trading and deposits of XRP. The exchange wrote that the suspension would take place over two days. Users who borrowed XRP/USD through OKCoin "are required to return the borrowed value" before....
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OKCoin became the latest exchange to suspend XRP trading and deposits as of early next year.
Coinbase plans to suspend trading for the token on Jan. 19 but added it "may be halted earlier as needed." Major cryptocurrency exchange Coinbase 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 Coinbase chief legal officer Paul Grewal, the exchange will fully suspend XRP trading starting on Jan. 19 at 10:00 am PST. Coinbase clarified that “trading may be halted earlier as needed” to maintain the exchange’s market health metrics. In addition, the suspension will....
New reports indicate that Chinese bitcoin exchange OKCoin and FXBTC have been contacted by financial partners recording the closure of certain accounts used to conduct business. OKCoin was reportedly contacted by a third-party payment processor, whilst FXBTC was contacts by commercial bank account providers, according to CoinDesk. OKCoin confirmed this news with an official statement, noting that deposits via pre-paid cards will be halted. CoinDesk notes that debit card and yuan withdrawals are not affected. FXBTC also posted an official statement noting that banking partners are looking....
Beijing-based bitcoin exchange provider OKCoin has announced its latest strategic bid to move beyond Asia's markets and serve the global bitcoin community by announcing the planned launch of its new international exchange website. The move will find the China-based company accepting USD deposits and processing USD withdrawals via OKCoin.com. OKCoin will also host servers for the new offering outside of China and provide English-language customer service. Speaking to CoinDesk, OKCoin CTO Changpeng Zhao said: "The international site will be skewed very heavily to international users in the....
American users of OKCoin.com have been informed that they cannot deposit USD, Bitcoin or Litecoin to OKCoin anymore. The Chinese Bitcoin exchange cites regulatory issues and also states that the ban on American deposits is temporary. OKCoin representatives have apologized for the inconvenience and confirmed that the ban is due to regulatory uncertainty. OKCoin is still allowing American users to withdraw their money and trade on their platform; however, there is no timeline for the return of Bitcoin deposits. While some American users have still been able to fund their accounts by using....