Breaking: Coinbase to Suspend XRP Trading on January 19, Is Binance Next to Delist XRP?

Published December 29, 2020 | Updated December 29, 2020

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Breaking: Coinbase to Suspend XRP Trading on January 19, Is Binance Next to Delist XRP?

Coinbase today announced that all XRP trading activities will be suspended at Coinbase from January 19, 2020 onwards. This decision comes in the light of $1.3 Billion lawsuit filed by SEC against Ripple for dealing in security.

XRP Delisting at Exchanges Continues, Coinbase Joins the list

Since the news of lawsuit against Ripple broke out, XRP former third largest cryptocurrency by volume has suffered more than 60% correction in price owing to delisting by prominent exchanges like Bitstamp and partners like MoneyGram turning there back to Ripple.

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Coinbase through their official handle announced that all XRP books have been move to limit only and it plans to suspend all trading activities on January 19, 2020.

The following cryptocurrency brokers and exchanges have already suspended XRP trading and listings. These include OSL, Bitstamp, Beaxy, Crosstower and Bitwise Assets Management.

But, Coinbase delisting has to be a major event and it surely trigger a mass dump in XRP price which is trading ~$.24 at the time of writing. With Coinbase covered all eyes are now on Binance and we may hear from them soon.

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Sunil Sharma 203 Articles
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
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