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Blockchain.com to Stop XRP Trading Tonight
Blockchain.com is the latest crypto exchange to delist XRP.
UPDATE: [1/7/21 1:23 PM EST]: Blockchain.com is halting XRP trading tonight, Jan. 7. instead of the previously planned date Jan. 14.
STORY CONTINUES BELOW
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Blockchain.com is the latest cryptocurrency firm to pull the plug on XRP trading.
The crypto exchange and wallet provider will halt XRP trading at 11:59 PM GMT on Thursday. Previously, the delisting was slated for Jan 14. Blockchain.com gave no explanation for the expedited timeline in a terse tweet issued just 6 hours before the trading deadline was set to take effect.
UPDATE: We have changed the XRP trading halt to today, Thursday, January 7th at 11:59pm GMT. Customers will continue to have access to their XRP to hold and send.
— Blockchain.com (@blockchain) January 7, 2021
Users will be able to transfer their XRP outbound even after the trading deadline. When Blockchain.com first announced it planned to halt XRP trading Tuesday, it also said new deposits would be rejected.
It was not clear at press time why Blockchain.com expedited the trading closure, or why it is now doing so on such short notice. Representatives did not immediately respond to queries.
XRP has surged 40% in the last 24 hours, according to the CoinDesk 20.
Crypto exchanges have been dropping XRP support in droves following the U.S. Securities and Exchange Commission's lawsuit against the cryptocurrency's issuer, Ripple Labs.
Read more: Grayscale Drops XRP From Large Cap Crypto Fund Following Ripple SEC Suit
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
