Author Topic: Three Exchanges Have Now Stopped Trading XRP (Read 755 times)

Quantum X · « **on:** December 23, 2020, 05:03:35 PM »

The SEC’s $1.3 billion lawsuit against Ripple has already caused some exchanges to put things on pause.

In brief
•Three cryptocurrency exchanges have stopped trading XRP tokens.
•This comes on the heels of the SEC filing a $1.3 billion lawsuit against Ripple and two of its executives.
•These exchanges have paused trading even though the lawsuit has only just been announced.

Three crypto exchanges—CrossTower, Beaxy, and OSL—have halted the trading of XRP tokens after the US Securities and Exchange Commission (SEC) officially filed a $1.3 billion lawsuit against Ripple.

“Please note: In light of US Securities & Exchange Commission’s enforcement action against Ripple Labs & 2 of its executives, we have suspended all #XRP payment in and trading services on the OSL platform, effective immediately and until further notice,” OSL wrote today.

As Decrypt reported, the SEC’s lawsuit was filed not only against Ripple itself but its co-founder Christian Larsen and CEO Brad Garlinghouse as well. The lawsuit alleges that Ripple has raised $1.3 billion in unregistered securities offerings since 2013.

More:
https://decrypt.co/52427/three-exchanges-have-now-stopped-trading-xrp

Altcoins Talks - Cryptocurrency Forum · « **on:** December 23, 2020, 05:03:35 PM »

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Abubakar56 · « **Reply #1 on:** December 23, 2020, 11:08:05 PM »

For 3 exchange to stop trading XRP definty the price will dump and the coin might endup dieing self.

Altcoins Talks - Cryptocurrency Forum · « **Reply #1 on:** December 23, 2020, 11:08:05 PM »

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TomPluz · « **Reply #2 on:** December 24, 2020, 03:24:45 AM »

I don't consider these three as category big exchanges though they can be affecting XRP and maybe even lead many other to also think their position on XRP trading. This lawsuit will have great repercussions on XRP and its people for sure. And if I am thinking of buying more XRP I may decide to hold on for the moment and see what can be coming for this platform. Let's hope that at the end of the tunnel, XRP can survive and flourish as healthy as possible.

Gravatai · « **Reply #3 on:** December 24, 2020, 10:03:14 AM »

I think it was not the suspension of trading on these exchanges that had a negative impact on the price, but the very fact of this suspension and possible problems on other exchanges. But I tend to think that this is just a panic among investors and they started selling XRP, causing the price to fall. I think there will be more information soon and the price will rise