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Coinbase To Delist XRP Next Month Following SEC Suit Against Ripple

Amy Liu

Summary: Coinbase announced today that it would delist XRP, the fourth-largest currency by market cap, after the US Securities and Exchange Commission accused Ripple Labs of raising $1.3 billion by selling the coin in unregistered securities sales. Coinbase first listed XRP on its retail-facing platforms in February 2019. Starting now, XRP trading “will move into limit only,” Coinbase wrote. It ...

Coinbase announced today that it would delist XRP, the fourth-largest currency by market cap, after the US Securities and Exchange Commission accused Ripple Labs of raising $1.3 billion by selling the coin in unregistered securities sales. Coinbase first listed XRP on its retail-facing platforms in February 2019. Starting now, XRP trading “will move into limit only,” Coinbase wrote. It will be fully suspended on Tuesday, Jan. 19, 2021 at 1 p.m. ET. Coinbase said users’ XRP wallets will “remain available for receive and withdraw functionality after the trading suspension.”

By Amy Liu

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