A growing list of crypto-platforms revoked support for XRP as Ripple prepares for a legal battle with the U.S. Securities and Exchange Commission (SEC).
Analyst Leonidas Hadjiloizou compiled a list of 26 companies that have changed policy around XRP in response to allegations that the asset may be an unregistered security.
Each crypto platform accepts its own parameters regarding the sale or exchange of the digital asset. Some companies have removed support for the asset only on their U.S. platforms, while others have stopped trading for XRP worldwide. In addition, some crypto exchanges removed the asset, while others discontinued, suspended, or eliminated trading for XRP.
Crypto exchanges Bitstamp, Abra and eToro together with the crypto market maker B2C2 only suspended trading for XRP in the US. Meanwhile, the crypto exchange Stex also only eliminated trading in XRP in the US.
Stock exchanges Coinbase, Beaxy, OSL, OKCoin, Ziglu and iTrustCapital also stop trading for Ripple’s native asset, but choose to do so in all countries in which they operate. Market makers Jump Trading and Galaxy Digital follow the same approach.
As for the crypto exchanges that XRP completely delists in the US, these include BinanceUS, CrossTower, Crypto.com and Bittrex. Crypto-wallet Swipe also denotes XRP in the US.
Trading platform Eobot is the only exchange that has delisted XRP on a global scale.
The asset manager 21shares is also delisting worldwide, as are Sarson Funds. Sarson Funds also liquidated its positions in XRP along with Bitvisse co-crypto asset manager.
Crypto payment firm Simplex is blocking XRP transactions worldwide, while the payment company Wirex only excludes XRP payments in the US.
Brokers Genesis Trading and Bitcoin Suisse have completely removed support for XRP.
Some crypto platforms are already embroiled in legal battles due to their previous support for the digital asset in question.
Coinbase is facing a lawsuit over the sale of XRP. The plaintiff alleges that Coinbase sold XRP despite knowing it was an unregistered security.
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