Binance will also be suspending XRP

Binance US will also be suspending XRP as a result of the SEC lawsuit

Having a hard trade with XRP? Here’s the latest news regarding XRP.

A Binance US blog post mentioned they will delist XRP markets on Binance US effective on Wednesday, January 13, 2021. Binance will take this decision in response to the SEC lawsuit action that happened to two executives of Ripple Labs Inc.

Those two are also significant security holders, alleging that they raised over $1.3Billion through an unregistered, ongoing digital asset securities offering.

This suspension will only be affected to Binance US customers. And also this won’t affect withdrawals which means you can store your XRP after the suspension occur on Binance but won’t be able to deposit or trade.

If you have recently purchased XRP on Binance via Debit/Credit card, your coins will be available for withdrawing after the holding period ends, Mentioned in the blog post.

Alright. Here’s my advice to you if you have already traded XRP in this situation. Please hold your funds until it recovers. This action won’t be forever. I assume this will rectify with time.

Following with Binance, These exchanges have also begun to do the same action regarding XRP.

  • Coinbase
  • OKCoin
  • Ziglu
  • Wirex
  • Bittrex
  • Swipe Wallet
  • Crosstower
  • Beaxy
  • OSL
  • Jump Trading
  • Galaxy Digital
  • Bitwise

4.5/5 - (4 votes)

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