Blockchain.com follows other exchanges in delisting XRP

Popular wallet supplier and crypto trading platform Blockchain.com has actually revealed it will be delisting XRP and suspending its trading next week, following in the steps of Coinbase, Binance.US, OKCoin and others.Although, since press time on Jan. 6, Blockchain.coms info on supported crypto properties continues to include XRP, a post published on Jan. 4 notified users that:” Blockchain.com will halt XRP trading beginning Thursday, January 14th at 11:59 pm GMT. For all consumers who have XRP balances, you will continue to have access to your XRP to send out after we halt trading, however we will no longer support receiving more XRP in the Exchange.” XRPs delisting on several platforms is due to an anticipated yet questionable move by the United States Securities and Exchange Commission in late December to initiate a claim against Ripple, its CEO, Brad Garlinghouse, and co-founder Christian Larsen, for declared offenses of U.S. securities laws.Without clearly referencing the SECs claim, Blockchain.coms delisting statement mentioned the exchanges tracking of “developments as they unfold– whatever from network security to regulatory compliance and more” as an essential part of its decision-making procedure when it comes to consisting of or revoking the trading of assets on its exchange and wallet services. News of yet another delisting for XRP follows shortly after reports of another lawsuit, submitted by among the lead investors in Ripples 2019 $ 200 million Series C financing round, the investment firm Tetragon.Blockchain.com has not revealed a date, provisionary or otherwise, for the possible future resumption of XRP assistance. Exchanges who have responded to the SECs action have either selected to delist XRP completely or to at least suspend its trading till further notice. Coinbase, for example, will continue to support XRP as part of its wallet and custodial services, and some have actually scheduled constraints to U.S. users alone. In parallel to these developments, Grayscale Investments appears to have ended memberships for its XRP Trust.The case versus Ripple, Garlinghouse and Larsen is arranged for a virtual pretrial conference in February. XRP has actually now lost its position as the fourth-largest cryptocurrency by market capitalization and is presently trading at $0.23, down close to 60% on the month. Title: Blockchain.com follows other exchanges in delisting XRPSourced From: cointelegraph.com/news/blockchain-com-follows-other-exchanges-in-delisting-xrpPublished Date: Wed, 06 Jan 2021 10:25:22 +0000

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