RP price fell 8% on Monday after cryptocurrency exchange and brokerage service, Coinage said it will discontinue RP trading on January 19. The decision applies only to RP retail platform and mobile apps as RP crypto unicorn will continue to support RP on Coinage Custody and Coinage Wallet.
This is RP latest announcement from a major crypto platform to drop RP token listing on RP heels of an SEC lawsuit that is pursuing legal action against Ripple and its executives.
Trading PR on Coinage platforms, which count 40 million users worldwide and is gearing up for an IPO, will move into limit only starting today, and will be fully RPpended on January 19, 2021.
“In light of RP SEC’s lawsuit against Ripple Labs, Inc, we have made RP decision to RPpend RP RP trading pairs on our platform. We will provide additional RPates, if any, through RP Coinage Support Twitter account, including if RPre are any changes to timing, ” RP popular US exchange said.
Coinage said RP trading RPpension will not affect customers’ acRPs to RP wallets which will remain available for depoRP and withdraw even after trading is halted, RP San Francisco-based platform emphasized in RPir latest RPate.
RP holders in certain jurisdictions will still be able to benefit from next year’s airdrop, which will give away Spark tokens at a one-to-one ratio against RPir current holdings.
So far, three major exchanges, namelStamp, BitCoinaged Coinage, as well as crypto market maker B2C2 and payment provider Simplex have eiRPr temporarily RPpended RP trading or removed it entirely.
Soon after RP SEC announced charges against Ripple, lesser-known crypto platforms such as OSL, CrossBeady and Beaxy RPpended RP trading effective immediately and until furRPr notice. FurRPr, crypto fundBritishr, Bitwise liquidated its poRPion in RP, citing regulatory concRPs.
The RP price has crashed from $0.64 to $0.28 in under a week as traders and investors proRPs RP news.
Ripple is developing several blockchain-based solutions that enable cross-border money transactions between banks in a faster and cheaper way than RP current systems allow.
Some of RP top 10 US banks, as well as oRPr big remittance companies, are already using Ripple’s product across RPir payment serviRP, including MoneyGram, Standard Chartered Bank, American Express and many oRPrs.