Quick take:
The remittance coin of XRP was dealt another blow in the form of three prominent crypto exchanges announcing that they will be suspending trading of the digital asset next month. The crypto exchanges include Bittrex, eToro US and Binance.US
. The ongoing lawsuit by the SEC against Ripple is the reason behind their actions.To begin with, Bittrex announced that it was removing all XRP markets effective Friday, January 15th at 4 pm (PST). However, the team at exchange clarified that user wallets will still be active.
Until further notice, customers will continue to have access to their XRP wallet on Bittrex after the markets are removed. Any further updates will be provided through Twitter and/or Customer Support.
Secondly and earlier today, the team at eToro announced
that XRP trading for their US customers will be halted on January 3rd at 12 pm Eastern Standard Time. This means that US residents will no longer purchase, convert, or sell XRP on the platform beginning January 3rd.However, US users can still hold XRP in their eToro wallets and move them to other wallets as they please. They explained:
All customers, including US customers, may continue to hold XRP in their eToro Wallet, and those customers still holding XRP on the eToro platform after January 24th can transfer their XRP to an eToro Wallet at any time. Additionally, customers holding XRP in the eToro Wallet may also transfer their XRP to any XRP wallet address unaffiliated with eToro at any time.
Thirdly, the team at Binance US announced that trading and deposits of XRP will be halted on January 13th at 10 am EST. However, withdrawals will not be affected.
, Binance US will honor the Spark Token (FLR) distribution scheduled for early next year.The aforementioned three exchanges suspending XRP trading next month, join a growing list of platforms that have announced a similar stance. Notable exchanges and platforms include: