Cryptocurrency exchange COINBASE will close XRP token trading to users in all served regions.
A similar decision was made by the OKCOIN platform.
Currently, the American exchange has become the largest of the platforms to make such a decision on XRP. It accounts for about 8.5% of the global token trading volume. Users will retain access to wallets and receive Spark Coins due to XRP holders as part of the airdrop. Support for the token will also remain in the custody services Coinbase Custody and Coinbase Wallet.
OKCoin Exchange will stop trading and accepting XRP deposits from January 4, 2021 until further notice. All other functions will work as usual.
The trading platform asked participants to margin trading in the XRP / USD market to return the borrowed funds by January 3. Otherwise, active debt positions will be liquidated. XRP has dropped 55.1% in the past seven days, according to CoinGecko. The token is currently at $ 0.23. Earlier, XRP trading for US residents was stopped by several major platforms including Galaxy Digital, Bitstamp and B2C2. Asset management company Bitwise Asset Management has dropped the token from its flagship Bitwise 10 Crypto Index Fund.
Update: Crypto com payment platform will exclude XRP from the list of supported assets for US residents from January 19, 2021.
