All customers, including US customers, may continue to hold XRP in their eToro Wallet, and those customers still holding XRP on the eToro platform after January 24th can transfer their XRP to an eToro Wallet at any time. At the time of writing, XRP is trading down just under 10% at its current price of $0.23, this marks a massive decline from recent highs of nearly $0.30 that were set just a few days ago.. XRP Plunges Below Key Support Following Wave of Delistings. Customers with existing trades at the time will have three weeks from that date to close all open positions, the platform added in its statement. In 2012, Ripple Labs founded a currency which enables instant, commission-free transaction of currencies and credits such as frequent-flyer miles. However, after the SEC filed a complaint, XRP’s started to decline. The process to do this is simple to follow. Binance.US and eToro are the latest exchanges to discontinue XRP trading in America as Ripple faces the SEC's enforcement hammer. In this, eToro is following the lead of major U.S. exchange Coinbase, which also halted trading in the fourth-largest cryptocurrency in the wake of plans to go public with an IPO. The crypto-friendly firm will suspend trading on Jan. 3 for its US customers who will have until Jan. 24 to sell their XRP holdings.. Cryptocurrency exchange CEX, which manages about $11 million in volume also announced on Thursday that they will be delisting XRP for its US customers. We will continue to monitor this situation for new developments and, should the need arise, share additional information regarding XRP through both this blog and the eToro US Twitter account. EToro USA is the latest exchange to delist XRP. The company said: “For now, the above prohibitions affect only U.S. customers and will not affect any customer’s ability to hold XRP in the eToro Wallet.”, It added that all “customers, including U.S. customers, may continue to hold XRP in their eToro Wallet, and those customers still holding XRP on the eToro platform after January 24th can transfer their XRP to an eToro Wallet… [or to] any XRP wallet address unaffiliated with eToro at any time.”. Ripple live price charts and advanced technical analysis tools. Ripple’s native token XRP was among the best performers in the cryptocurrency space even as its delisting across exchanges picked momentum. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. It is mandatory to procure user consent prior to running these cookies on your website. When the Spark airdrop was announced, we witnessed a surge in XRP’s price, which rose from $0.30 to $0.73 within a couple of days. BtcPro covers the news you actually care about! Additionally, some crypto exchanges have delisted the asset while others have halted, suspended, or disabled trading for XRP. Necessary cookies are absolutely essential for the website to function properly. Miljoenen gebruikers vertrouwen op eToro om te beleggen in cryptovaluta's. XRP is at the heart of a lawsuit recently filed by the U.S. Securities and Exchange Commission (SEC) which claims that it is an unregistered security sold illegally by Ripple for years. XRP is the fastest & most scalable digital asset, enabling real-time global payments anywhere in the world. Share. eToro Joins The List Of XRP Suspending Exchanges Founded in 2006 in Israel, eToro is a popular social trading and multi-asset brokerage company that also support various cryptocurrency pairs. The eToro platform does not support the replacing of one stock with another. After the SEC lawsuit, crypto exchange sites, including Coinbase and Binance.US, have started to disassociate themselves from XRP. Actually, it has already started to affect. It is approved in the UK by the FCA, and in the United States by FinCEN, and in Australia by the ASIC. XRP $589 IS IT POSSIBLE!! Ripple XRP NOT DELISTING!!! Customers of eToro U.S. have until January 24 to move their XRP holdings. The ban begins on January 3 at 12 p.m. EST. All these have negatively impacted the market price of XRP. Soon after the regulator announced its action, a number of cryptocurrency exchanges started delisting the coin, starting with three minor exchanges but then followed by major players such as followed shortly by Crypto.com, and OKcoin. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Crypto is my passion. Its price is influenced by internal changes to the XRP ledger and general cryptocurrency trends. Sending XRP from eToro into the eToro wallet is something you may want to do if you have bought your Ripple with eToro. It also marks a recovery from its daily lows of $0.17 that were set this morning at the height of the selloff. So far, three small exchanges, namely OSL, Beaxy, and CrossTower have either temporarily stopped trading or delisted XRP. General Manager & Advertising: Kevin Sanders, Markets Report: Bitcoin stalls below $30,000 but analyst dismisses 30% pullback, Social trading firm eToro seeks $5B IPO: Report. eToro and Binance delist XRP eToro released a statement on Thursday stating that its customers in the US will not be trading XRP as of January 3, 2021. He's passionate about cryptocurrency, digital rights, IT, tech and futurology and likes to think about the future in a positive way. eToro to suspend XRP trading in the US. The snapshot of XRP balances will be taken on Dec. 12. If you hold stock positions in a company that is delisted from a stock exchange: The stock will be removed from the eToro platform. Although none of the big exchanges has taken any action against the trade of XRP on their platforms, there is still the risk of many other crypto entities following in the footsteps of the above-mentioned firms. Blockchain in Music: How It Affects the Artist, 24/7 Crypto News, Memes and Blockchain Research. https://www.etoro.com/en-us/news-and-analysis/crypto/etoro-to-suspend-xrp-trading-in-the-us/ "Bittrex to Delist All XRP Pairs, Price Slips to $0.20" Bittrex US. Then the Spark tokens will be distributed among all XRP holders in the first half of 2021. Customers of eToro U.S. have until January 24 to move their XRP holdings. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. On January 3, crypto-friendly brokerage company eToro USA will stop XRP trading. These cookies do not store any personal information. What Next For Ripple? Use Up/Down Arrow keys to increase or decrease volume. eToro is an Israeli multi-asset brokerage and social exchange business focused on offering financial and cryptocurrency trading services. This website uses cookies to improve your experience while you navigate through the website. Crypto exchanges Bitstamp, Abra and eToro along with crypto market maker B2C2 have suspended trading for XRP in the US only. The crypto asset trading platform for United States-based customers affiliated with Binance, the world’s largest cryptocurrency exchange will delist XRP beginning Jan. 13. For now, the above prohibitions affect only US customers and will not affect any customer’s ability to hold XRP in the eToro Wallet. WATCH WITHIN 24 HOURS! Not Bittrex Global Learn more about our use of cookies: cookie policy. This category only includes cookies that ensures basic functionalities and security features of the website. However, the delisting will not affect the claim process for Flare’s Spark (FLR) token airdrop distribution event. Binance.US, the American branch of the global crypto exchange, and crypto-friendly asset trading service eToro are the latest platforms to suspend XRP trading in the U.S.. "eToro to delist XRP ahead of planned IPO" NO. BITBOX Ditches XRP Over Liquidity Concerns. Two days after announcing that it is planning an initial public offering stock sale, Israel-based social trading platform and exchange eToro revealed plans to suspend XRP trading for U.S. customers. Crypto Platforms Start XRP Delisting, Are Crypto Exchange SECs Next Target? Binance.US and eToro now join the likes of Coinbase and Bittrex as major exchanges to halt XRP trading for American traders. On 22 February, all parties are expected to dial-in for an initial pre-trial session. An IPO requires the SEC’s approval, so both eToro and Coinbase have ample reason to avoid XRP. Use Japanese candles, Bollinger bands and Fibonacci to generate different instrument comparisons. The crypto asset trading platform for United States-based customers affiliated with Binance, the world’s largest cryptocurrency exchange will delist XRP beginning Jan. 13. How to send XRP from eToro to the eToro wallet. Customers may also move XRP from their eToro wallets to any external wallet address. Adrian is a newswriter based out of Pisa, Italy. Nobody can argue with that. All are suspending trading by mid-January. The ruling came in light of the latest litigation brought by the SEC against Ripple. The platform indicated that users with existing trade have around three weeks from January 3, to close all open positions. By clicking “Accept”, you consent to the use of ALL the cookies. With an IPO pending, eToro CEO Yoni Assia is booting XRP (Photo: WikimediaCommons). The value of the corporation was $800 million in 2018. It has licensed offices in the United Kingdom, the United States, Cyprus, Israel, and Australia. For Binance.US, the effective date of its XRP delisting is Jan. 13, 2021. eToro, the social trading, and multi-asset brokerage company is the latest one to suspend XRP trading. NFT Sold for a Whopping $69 million by Beeple. Just open your eToro portfolio, choose your Ripple (XRP), click on “edit trade”, and then “invested amount”. The principal R&D office of eToro is based in Tel Aviv, Israel. Our site uses cookies. But opting out of some of these cookies may affect your browsing experience. The SEC treats XRP as a security and alleges that an ongoing unregistered stock sale of XRP, Ripple and two of its leaders, CEO Brad Garlinghouse and co-founder Chris Larsen, have earned billions of dollars for the company. eToro (halt on XRP trading for U.S. customers starting January 3) OKCoin (XRP spot trading and deposits will be suspended from Jan 4, 2021, 7:00 PM PST) Swipe Wallet (delisting of XRP for U.S. users on January 5, 2021 at 00:00 UTC) Beaxy (halted XRP trading immediately after the news became official on December 22, 2020) But its domino effect is only just starting, according to the analyst who ahead of time called the recent Coinbase “delisting” that sent XRP teetering possibly past the point of no return. While Coinbase delisted within days of the SEC’s enforcement action, it may be too late for the firm to avoid the consequences of having sold what may be an unregistered security. These cookies will be stored in your browser only with your consent. Blockchain and Cryptocurrency: People, Culture and Tech. The analyst warns that the SEC is “sniffing around a number of projects and … You also have the option to opt-out of these cookies. Besides, XRP saw an increase of 1,000% in its trading volume on eToro just before the airdrop. Ripple XRP Today and Massive Ripple XRP NEWS, and XRP Price Predictions, a discussion on 2020 XRP Wall Street Prediction $1,000 XRP!! Meanwhile, crypto exchange Stex has also disabled trading for XRP in the US only. The prohibitions affect only US customers and will not affect any customer’s ability to hold XRP in the eToro Wallet. EToro USA is the latest exchange to delist XRP, litigation brought by the SEC against Ripple, Russell Okung to become the first NFL player to earn a portion of his salary in Bitcoin, Bittrex To Delist Monero, Zcash, and Dash. As Modern Consensus reported yesterday, Coinbase was slapped with a lawsuit seeking class action status for $10 million on Dec. 30 for selling XRP, which the plaintiff calls a security the firm was not licensed to sell. The SEC is trying to claw back more than $1.3 billion from the international payments company and its two top executives, CEO Brad Garlinghouse and executive chairman Chris Larsen. Industry expert Bruce Fenton, CEO of security tokenization firm Chainstone Labs, called the wave of delistings a natural reaction by firms with U.S. customers, given that they could be accused of selling securities without a license. In a statement issued on its website on Monday (January 6, 2020), BITBOX announced its decision to delist XRP. ? Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Announcing the news on Thursday, eToro revealed that U.S. customers will not be able to trade XRP starting Jan. 3, 2021. Don’t get left behind! Soon after the regulator announced its action, a number of cryptocurrency exchanges started delisting … Apart from the legal bodies registered in the United Kingdom, China, the United States, Australia and Cyprus. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Coingape 2 months ago. Ripple XRP Price Just Pumped 49% Here’s Why…. Another big U.S. exchange, Binance U.S., announced on Dec. 31 that it is delisting XRP. This is a huge milestone for Flare and our deepest thanks go to the team at eToro who have worked hard to make this happen. The exchange will halt XRP trading and deposits on January 4th, 2021. In the EU, eToro is governed by the CySEC body. Ripple downplayed the delistings in a recent statement—without explicitly citing any exchanges  by name—claiming that the “majority of our customers aren’t in the U.S. and overall XRP volume is largely traded outside of the U.S.”. Coinbase was slapped with a class-action complaint yesterday for profiting from XRP. Kopen of verkopen Ripple. Published on December 23, 2020 04:18 GMT+0 edited on December 23, 2020 04:22 GMT+0. We also use third-party cookies that help us analyze and understand how you use this website. eToro is a business that is wholly independent of XRP… Customers with existing XRP positions will have until January 24 at 12pm Eastern Standard Time to close such positions by entering sell orders on the eToro platform. The ruling came in light of the latest litigation brought by the SEC against Ripple. eToro’s official statement on XRP is as follows: Given the U.S. Securities and Exchange Commission’s (SEC) recent lawsuit against Ripple Labs, Inc., eToro USA LLC (eToro) has decided to prohibit  purchases of XRP on the eToro platform and to prohibit any conversion of XRP held in a customer’s eToro Wallet beginning on January 3 at 12pm Eastern Standard Time. XRP is a centralized fraudulent system. [or to] any XRP wallet address unaffiliated with eToro at any time.” Another big U.S. exchange, Binance U.S., announced on Dec. 31 that it is delisting XRP. However, eToro clients affected by such corporate actions may receive compensation where appropriate. Get the scoop on some of the hottest meme coins and interesting projects around. If this lawsuit ends in favor of the SEC, XRP should be removed from the list of all cryptocurrency exchanges.” Crypto exchanges that have delisted XRP. The SEC lawsuit against Ripple has created a domino effect for the crypto company as well as the XRP token. According to the blog post, the LINE-owned crypto exchange will remove its three listed XRP trading pairs — XRP/BTC, XRP/ETH, and XRP/USDT.. As part of the announcement, BITBOX revealed that XRP no longer met its listing standards. Coinbase, Bittrex, Bitstamp and eToro are only a few to suspend XRP trading.While Binance continued to offer XRP trading, its US subsidiary, Binance.US will delist the troubled digital currency next week. “Given the U.S. Securities and Exchange Commission’s (SEC) recent lawsuit against Ripple Labs, Inc., eToro… has decided to prohibit  purchases of XRP on the eToro platform and to prohibit any conversion of XRP held in a customer’s eToro Wallet,” eToro said in a Dec. 31 blog post. I'm a normal wagie during the day but a passionate crypto activist at night! Unstoppable Domains- Domain Name: New Asset Class-Dot "Crypto" Insurance.com Sold For $35.6 Million The New Dot Com Era Is Here!! If playback doesn't begin shortly, try restarting your device. Additionally, customers holding XRP in the eToro Wallet may also transfer their XRP to any XRP wallet address unaffiliated with eToro at any time. eToro reserves the right to suspend any services at any time, including earlier than January 3 at 12pm Eastern Standard Time, if we determine that market, regulatory, or other conditions warrant such action. For Binance.US, the effective date of its XRP delisting is Jan. 13 On January 3, crypto-friendly brokerage company eToro USA will stop XRP trading. The XRP/USD exchange rate surged by more than 40 percent on a 24-hour adjusted timeframe, hitting an intraday high of $0.328. Bekijk prijzen in realtime XRP, en blijf geïnformeerd over de waarde van XRP met live grafieken. Customers with existing XRP positions must close them with sell orders by Jan. 24 at 12 p.m. EST. Given the U.S. Securities and Exchange Commission’s (SEC) recent lawsuit against Ripple Labs, Inc., eToro USA LLC (eToro) has decided to prohibit purchases of XRP on the eToro platform and to prohibit any conversion of XRP held in a customer’s eToro Wallet beginning on January 3 at 12pm Eastern Standard Time. US exchanges are suspending or delisting XRP left and right Binance.US and eToro are the latest exchanges to discontinue XRP trading in America as Ripple faces … Unstoppable Domains- Domain Name: New Asset Class-Dot "Crypto" Insurance.com Sold For $35.6 Million The New Dot Com Era Is Here!! The plaintiff argued that despite recognizing that it was a security, Coinbase encouraged trading XRP. They can either keep or move their XRP to an eToro wallet after that date at any time. The delisting will affect only U.S. customers of eToro and not global customers. However, the company has decided to remove Ripple’s native cryptocurrency, XRP, from its services to customers based in the United States.

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