The US division of the Israeli crypto exchange eToro suspends XRP trading for its customers from next month.
The exchange announced Thursday that it will stop facilitating XRP purchases or conversions for U.S. customers on January 3, although customers can still withdraw XRP from their eToro wallets to other non-affiliate addresses. It is the latest crypto-trading venue to suspend XRP support in the U.S. after the Securities and Exchange Commission (SEC) sued Ripple earlier this month over allegations that it has been selling XRP as an unregistered security for more than seven years.
Other exchanges to delist or suspend XRP trading or markets include:
Most of these platforms have removed XRP only from their US markets or platforms, although some have suspended international support.
According to the SEC case, which was filed in the U.S. District Court in the southern district of New York last week, Ripple, Brad Garlinghouse, CEO, and chairman, Chris Larsen, have sold about $ 1.3 billion in XRP since 2013. The SEC claims that Ripple did not do so. register XRP as a security or seek a release for the sign, of which it holds nearly $ 50 billion.
In turn, Ripple called the allegations “unproven” and promised to file a response in court in the coming weeks. The San Francisco firm has repeatedly called the SEC case an “attack on crypto” in the US, with CEO Garlinghouse claiming that the agency’s actions directly benefit China.
According to public court records, a pre-trial conference is scheduled for February 22, 2021. The parties must submit a joint letter describing the case and the arguments that each party plans to present, possible motions and possible settlement details a week in advance.
The SEC and Ripple must also file a joint letter on Feb. 15 stating whether both parties are willing to allow a magistrate to oversee the proceedings (rather than a district judge).