Blockchain.com, one of the first crypto wallets and now a cryptocurrency exchange, was the last to suspend XRP trading, citing the claims of the US financial market regulator and the lawsuit filed against Ripple.
Trading with XRP tokens on the exchange will be suspended as of January 14, next week. Given the uncertainty of the lawsuit against Ripple, Blockchain.com, similar to other exchanges, did not provide any tentative dates for the resumption of services.
However, the official announcement stating that Blockchain.com customers with XRP balances can send but not receive the token, XRP holders will have some limited services on the cryptocurrency exchange. The announcement said, “Providing support and canceling for listed assets is an ongoing process”:
“At Blockchain.com, we will continue to monitor developments as we uncover everything from network security to legal compliance, and more, while deciding which assets to list and maintain on our Exchange and Wallet.”
More than a dozen well-known exchanges and other crypto companies have quit their XRP services following a retaliatory action by the Securities and Exchange Commission. Coinbase, Bittrex, Bitstamp, and eToro are just some of those suspending XRP trading. As Binance continues to offer its US subsidiary XRP trading, Binance.US will remove the troubled digital currency next week.
All of this negatively affected the market price of XRP. XRP is struggling and trading around $ 0.22 at the time of pressure as Bitcoin and other major cryptocurrencies are recovering.
Interestingly, several exchanges such as Uphold and Revolut decided to continue offering XRP. Uphold has clearly expressed its support for Ripple and announced that it will not take any action until the court decides the fate of the token.
In addition, California-based payments company Ripple is preparing to meet with the SEC next month for its pre-trial conference, while the company is currently facing another lawsuit. This time, one of its investors, Tetragon Financial Group, filed a complaint for Ripple. You can find details about the case in question from this news.