Okcoin and Coinbase to Halt XRP Trading Due to the US SEC Lawsuit Against Ripple
Two major cryptocurrency exchanges joined the XRP trading suspension campaign in the wake of the U.S. Securities and Exchange Commission (SEC) lawsuit filed against Ripple Labs on December 22, 2020. Two Major Crypto Exchanges to Suspend XRP Trading in January 2021 The last week of 2020 started with the announcement of Okcoin, one of the oldest crypto exchanges in the industry. They’ve decided to halt XRP trading and deposits on the platform effective on January 4, 2021. According to the firm, users who have borrowed from the XRP/USD margin pair, including borrowing XRP and USD, are....
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Cryptocurrency exchange Coinbase has filed an amicus brief in support of Ripple Labs in the U.S. Securities and Exchange Commission (SEC) lawsuit over xrp. Coinbase’s support is seen as a significant step in the case given that the crypto exchange was among the first trading platforms to delist xrp following the SEC lawsuit. Coinbase Supports Ripple Against SEC The Nasdaq-listed cryptocurrency exchange Coinbase filed an amicus brief on Tuesday in support of Ripple Labs against the U.S. Securities and Exchange Commission (SEC). The regulator sued Ripple, its CEO Brad Garlinghouse,....
Ripple's woes multiply as Blockchain.com becomes the latest exchange to suspend trading of XRP. Popular wallet provider and crypto trading platform Blockchain.com has announced it will be delisting XRP and suspending its trading next week, following in the steps of Coinbase, Binance.US, OKCoin and others.Although, as of press time on Jan. 6, Blockchain.com's information on supported crypto assets continues to feature XRP, a blog post published on Jan. 4 informed users that:"Blockchain.com will halt XRP trading beginning Thursday, January 14th at 11:59pm GMT. For all customers who have XRP....
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....
Ripple’s CEO Brad Garlinghouse has responded to some of the community’s concerns surrounding the SEC’s $1.3 billion lawsuit against the firm. Ripple CEO Brad Garlinghouse has revealed the firm unsuccessfully attempted to settle its securities violation lawsuit with the SEC, and slammed the “regulatory chaos” around cryptocurrencies. I’m not going to litigate the SEC’s unproven allegations on Twitter, and as you can imagine, there are new considerations to what can / should be said publicly after the litigation process starts. However, I would like to address 5 key questions I’ve seen.....
Coinbase said it will suspend trading of XRP, the cryptocurrency at the heart of an SEC lawsuit against Ripple Labs.