Looking at the effect of potential XRP delistings on exchanges

Quick Take

  • The SEC has sued Ripple and two executives alleging that XRP is a security
  • Since then, several exchanges, market makers, OTC desks and payment processors have announced their plans to either fully delist XRP or only limit activity to non-U.S. customers
  • Some exchanges (FTX, OKEx, Liquid, Huobi) are way less reliant on XRP volume than others (Bitstamp, Bitbank, Bitso)
  • More delistings are coming in the next few weeks
Last week, the SEC filed a lawsuit against Ripple, CEO Brad Garlinghouse, and co-founder Chris Larsen for conducting a $1.3 billion unregistered securities sale. The complaint also alleges that Ripple distributed billions of XRP in exchange for non-cash consideration, such as labor and market-making services. Moreover, Garlinghouse and Larsen purportedly personally sold $600 million worth […]

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