Share this article
BTC
$82,414.87
+
6.58%ETH
$1,657.22
+
11.46%USDT
$0.9996
+
0.03%XRP
$2.0446
+
11.07%BNB
$583.77
+
5.13%SOL
$118.54
+
12.20%USDC
$0.9999
+
0.00%DOGE
$0.1607
+
10.65%ADA
$0.6341
+
10.89%TRX
$0.2349
+
1.40%LEO
$9.1958
+
2.15%LINK
$12.65
+
14.38%TON
$3.1974
+
6.27%AVAX
$18.58
+
13.98%XLM
$0.2426
+
8.05%HBAR
$0.1719
+
15.04%SUI
$2.2443
+
14.48%SHIB
$0.0₄1198
+
10.61%OM
$6.4754
+
5.08%BCH
$307.77
+
12.25%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
B2C2 Becomes Latest Crypto Market-Maker to Stop XRP Trading: Report
Non-U.S. clients can still trade the token but need to pre-fund all short trades, the report said.
Cryptocurrency market maker B2C2 halted the trading of XRP with U.S.-based counterparties, effective this past Thursday, following the U.S. Securities and Exchange Commission's lawsuit against Ripple Labs, according to a report in The Block.
STORY CONTINUES BELOW
- Non-U.S. clients can still trade the token but need to pre-fund all short trades, according to The Block report, which cited no sources
- B2C2's move comes as cryptocurrency exchanges Beaxy, Bitstamp, OSL and CrossTower have said they were halting XRP trading, as well as market-makers Galaxy Digital and Jump Trading, which both stopped XRP market making.
- According to a lawsuit filed Tuesday, Ripple raised $1.3 billion over a seven-year period to retail investors through its sale of XRP on an ongoing basis. If the SEC prevails, XRP could become a pariah token as platforms that continued to list the crypto may have to register as securities exchanges.
UPDATE (Dec. 27, 1:01 UTC): Adds that OSL and CrossTower have also suspended XRP trading.
Read more: An SEC Victory in Ripple Case Would Render XRP ‘Untradeable,’ Market Pros Say
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
