More Damage to Ripple as Bittrex Delists XRP

Bittrex is the latest crypto exchange to delist XRP. 

The company confirmed that it would remove all of its XRP order books at 19:00 EST on Jan. 15. Currently, the exchange has markets for BTC-XRP, ETH-XRP, USDT-XRP, and USD-XRP. 



















Bittrex Halts XRP Trading

It’s yet another blow to the Ripple camp. On Monday, Coinbase, arguably the world’s best-known cryptocurrency exchange, shared an update that it would also be suspending trading on XRP.

Before that, OKCoin, Bitstamp, and Bitwise, among others, had all confirmed plans to halt trading. 









The exchanges have taken action to distance themselves from Ripple in response to the SEC’s lawsuit against the company. On Dec. 22, the SEC announced their plans to sue Ripple, alleging that they profited $1.38 billion from selling unregistered securities. 

Though XRP has seen a slight recovery in price in the last 24 hours, its token price has been severely affected by the chain of events following the SEC’s decision. It’s fallen 52% in the last week and 64% since the start of December. 

Disclosure: At the time of writing, the author of this feature owned ETH, among a number of other cryptocurrencies. 






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 Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.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