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A growing list of crypto platforms are canceling support for XRP as Ripple prepares for a legal battle with the United States Securities and Exchange Commission (SEC).
Analyst Leonidas Hadjiloizou has compiled a list of 26 companies that have changed their Strategies surrounding XRP in response to allegations the asset may be an unregistered security.
Each crypto platform adopts its own parameters regarding the sale or exchange of the digital asset. Some companies have removed support for the asset only on their US platforms, while others have halted trading for XRP globally. Additionally, some crypto exchanges have written off the asset while others have halted, suspended, or disabled trading for XRP.
Crypto exchanges Bitstamp, Abra, and eToro, along with crypto market maker B2C2, have suspended trading for XRP in the United States only. Meanwhile, the Stex crypto exchange has also disabled trading for XRP in the US only.
The Coinbase, Beaxy, OSL, OKCoin, Ziglu and iTrustCapital exchanges are also suspending trading of Ripple’s native asset, but choosing to do so in all countries in which they operate. The market makers Jump Trading and Galaxy Digital take the same approach.
As for those crypto exchanges that are removing XRP entirely from the list in the United States, they include BinanceUS, CrossTower, Crypto.com, and Bittrex. Crypto wallet Swipe also removes XRP in the United States.
The Eobot trading platform is the only exchange to have delisted XRP globally.
The 21shares asset manager is also delisted globally, as is Sarson Funds. Sarson Funds also liquidated its positions in XRP with fellow crypto asset manager Bitwise.
Crypto payments company Simplex blocks XRP transactions globally, while payments company Wirex excludes XRP payments in the US only.
Brokers Genesis Trading and Bitcoin Switzerland have completely removed support for XRP.
Some crypto platforms are already engaged in legal battles due to their previous support for the digital asset in question.
Coinbase faces lawsuit for its sale of XRP. The complainant alleges that Coinbase sold XRP knowing that it was an unregistered security.
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