US crypto exchange Bittrex is removing XRP trading pairs

advertisement

U.S. crypto exchange Bittrex is removing XRP trading pairs on January 15, 2021, until further notice. 

The XRP pairs are tied to bitcoin, ether, Tether, and USD. That is, BTC-XRP, ETH-XRP, USDT-XRP, and USD-XRP.

Bittrex did not cite a recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple as a reason for the removal of the trading pairs. However, the exchange's removal policy lists "evolving regulatory standards and other compliance issues" as one of the factors to remove a market or delist a token.

Bittrex is the latest crypto exchange to announce the suspension of XRP trading. Coinbase, OKCoin, Bitstamp, and CrossTower have all announced similar actions. Binance.US and Kraken are the only two major U.S. exchanges that are yet to take action.

XRP has taken a beating since the SEC lawsuit. The digital asset is currently trading down at around 20 cents from nearly 60 cents a week ago.

Trending Stories

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

NYC mayor Eric Adams receives first paycheck in the form of BTC and ETH

Eric Adams, the mayor of New York City, made good on a previous pledge by receiving via automatic conversion his first paycheck in the form of cryptocurrency. According to a Thursday morning statement from the mayor’s office, Adams’ paycheck was converted into BTC and ETH.  “New York is the center of the world, and we […]
Read Full Story
Jan 20, 2022, 3:23PM UTC
More