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

Published by
Sunil Sharma
Updated 19 Jul, 2022 | 09:08:52 AM UTC
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.

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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.

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.

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Sunil Sharma

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 X at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

Published by
Sunil Sharma
Updated 19 Jul, 2022 | 09:08:52 AM
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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