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 $1.3 Billion lawsuit filed by SEC against Ripple for dealing in security.
Since the news of lawsuit against Ripple broke out, XRP former third largest cryptocurrency by volume has suffered more than 60% correction in price owing to delisting by prominent exchanges like Bitstamp and partners like MoneyGram turning there back to Ripple.
Coinbase through their official handle announced that all XRP books have been move to limit only and it plans to suspend all trading activities on January 19, 2020.
The following cryptocurrency brokers and exchanges have already suspended XRP trading and listings. These include OSL, Bitstamp, Beaxy, Crosstower and Bitwise Assets Management.
But, Coinbase delisting has to be a major event and it surely trigger a mass dump in XRP price which is trading ~$.24 at the time of writing. With Coinbase covered all eyes are now on Binance and we may hear from them soon.
The Federal Reserve is likely to hold steady on interest rates at its next Federal…
Bitcoin is down from its intraday high today after U.S. President Donald Trump canceled his…
Ripple CEO Brad Garlinghouse received another prestigious award this week. He was awarded as the…
Grant Cardone, founder of the $5.3 billion Cardone Capital has confirmed his attendance at a…
The U.S. Senate Banking Committee has scheduled April 29 to vote on Kevin Warsh's Fed…
Senator Bernie Moreno, a member of the Senate Banking Committee, is set to introduce a…