There are many big exchangers and wallets delist XRP. This is a know out blow to centralized cryptocurrency. Unregistered digital asset worth 1.3 billion security offering of XRP has caused SEC sues over XRP Labs. This occasion is spreading bad news to XRP holders and investors. Some big exchangers delist XRP from trading lists.
Brad Garlinghouse, the CEO of Ripple
pic :https://www.forbes.com/sites/jonathanponciano/2020/12/22/sec-charges-ripple-with-selling-13-billion-in-unregistered-securities-xrp-loses-2-billion-in-market-value/?sh=6cbeb84a7e66
Here are the exchangers and wallet service that delist XRP
1. Binance
Binance will delist XRP for trading pairs on Januari 13, 2021.
https://www.coindesk.com/binance-us-says-it-will-delist-xrp-on-jan-13
2. Coinbase
Coinbase will suspend XRP in the wallet service.
https://www.coindesk.com/coinbase-suspends-xrp-trading
3. Bittrex
Bittrex is one of the big player of cryptocurrency exchange will also delist XRP
https://www.financemagnates.com/cryptocurrency/news/bittrex-to-delist-all-xrp-pairs-price-slips-to-0-20/
4. Crypto.com
XRP will be delisted from crypto.com
https://blog.crypto.com/xrp-delisting-from-the-crypto-com-app-in-the-u-s/
5. OKCoin
OKCoin will also delist XRP trading pairs on January 4, 2021
https://www.coindesk.com/okcoin-to-suspend-xrp-trading-and-deposits-on-january-4
Other exchanges and wallets that delist XRP are Ziglu, Wirex, Swipewallet, Crosstower, beaxy, Jump trading, Galaxy digital and Bitwise
https://www.coindesk.com/binance-us-says-it-will-delist-xrp-on-jan-13
WILL XRP SURVIVE ?
XRP labs does not remain silent, his party is taking legal measures to face all charges in court. The pretrial will be held on February 22.
https://www.coindesk.com/ripple-to-meet-with-sec-in-first-pretrial-conference-on-feb-22
As XRP Labs try to defend from all allegation, XRP price continues to fall. It can be long process so the negative images of XRP is getting worse. Will the worst charge turn off XRP services? That is the worst situation but XRP can remove their headquarter to welcome countries that are not strict to cryptocurrency.
XRP will not be shut down but XRP labs will relocate to other country. That is the worst choice taken by XRP management because XRP is centralized cryptocurrency. It is different when the case hit bitcoin. Who is in charge and responsible for bitcoin. When a core developers of bitcoin is caught and banned from operating their service, the nodes of bitcoin still run because the nodes walk on miners around the world. No central management of bitcoin. Bitcoin is a digital asset that every one can own. XRP is a centralized cryptocurrency. The central server has an issue then all services will be affected. In XRP case, the issue is not from the server but from the management. XRP price is dumped and many wallet services and exchanges delist the coin.
If XRP labs can win the trial, XRP will recover and more exchanges will also list again. That is for good scenario but what happens when the condition is on the contrary. XRP will be lost in value. It will be the end of the coin. Investors are now waiting for the end of the story XRP in American Court.
Conclusion
XRP price will continue to fall due to the uncertainty. Investors will wait and see. XRP Labs headquarter may be relocated to other country that comply and welcome XRP.
