Binance.US to Delist XRP Amid Ripple Lawsuit

Binance.US is delisting XRP next month. The leading cryptocurrency exchange announced the news this evening.

XRP in Crisis 

Binance.US has announced its plans to suspend XRP trading. A blog post read: 

“Effective Wednesday, January 13, 2021 at 10am EST, XRP will be delisted from Binance.US. XRP trading and deposits will be suspended.”

While deposits will be stopped altogether, withdrawals will require what Binance has called a ‘Tag/Memo,” a unique identifier detailed in a separate post. 



















The announcement also notes that users who recently bought the token with an ACH/debit card will be able to withdraw their funds beyond the holding period. Moreover, the Spark token airdrop will still apply. Details for how customers will claim for that are still unclear. 

Binance.US isn’t the only one to remove the token from its exchange.









Coinbase, OKCoin, Bitstamp, Bittrex, and others have all made similar announcements in the last few days, directly responding to the SEC’s allegations against Ripple. The lawsuit claims that the company profited $1.38 billion from selling unregistered securities. 

While other cryptocurrencies are flourishing, XRP’s price chart has largely been red through December. It’s down 65.8% this month. 






The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Source: Read Full Article