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After Coinbase, Kraken and Bitstamp deletion XRP, Phemex on the way to do that...

  • Thread starter Thread starter Tienda
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Tienda

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After the announcement of Coinbase, Kraken and Bitstamp deletion XRP from their platform others on the way to do that.
Phemex website exchange have decided to suspend XRP from next week:
On January 4, 2021, all their XRP/USD perpetual contract will only support reduce only orders or the closing of positions.
On January 5, 2021, all their XRP/USD positions will be closed based on mark price and all pending orders will be canceled.
Contract trading will be suspended after this time.
All XRP spot trading activities will be suspended.

Are there any other website exchange XRP deletion announcement you know?...​
 
I think OKCoin announced their some days back too. What I would like to know is that with all these delistings, what happens to the xrp being held by people on those sites? Would they send it to different wallets or what?
 
This is really bad for xrp , i think the major exchange sites i haven't gotten any news about the deletion is binance exchange i think , while others i know that they want to suspend
 
Tienda said:
After the announcement of Coinbase, Kraken and Bitstamp deletion XRP from their platform others on the way to do that.
Phemex website exchange have decided to suspend XRP from next week:
On January 4, 2021, all their XRP/USD perpetual contract will only support reduce only orders or the closing of positions.
On January 5, 2021, all their XRP/USD positions will be closed based on mark price and all pending orders will be canceled.
Contract trading will be suspended after this time.
All XRP spot trading activities will be suspended.

Are there any other website exchange XRP deletion announcement you know?...​
Click to expand...
All other legit crypto wallet exchange platforms are also taking the right steps undertaken by Coinbase, kraken, bitstamp WTC to halt the exchange, trading of Ripple via their platform. This is the worst unprecedented time that befall Ripple.
 
It is really sad that most of the platforms are delisting ripple. I guess it is only the trading activities that will be prevented people should be able to send and receive ripple from one Exchange to another or wallet to wallet. Not all Exchange will delist it.
 
This is actually a bad time to be an owner of Ripple's XRP coin right now. The united state securities and exchange commission lawsuit against Ripples is leading to catastrophic loss for Ripples. I heard that Luno will also stops trading XRP soon.
 
Tienda said:
After the announcement of Coinbase, Kraken and Bitstamp deletion XRP from their platform others on the way to do that.
Phemex website exchange have decided to suspend XRP from next week:
On January 4, 2021, all their XRP/USD perpetual contract will only support reduce only orders or the closing of positions.
On January 5, 2021, all their XRP/USD positions will be closed based on mark price and all pending orders will be canceled.
Contract trading will be suspended after this time.
All XRP spot trading activities will be suspended.

Are there any other website exchange XRP deletion announcement you know?...​
Click to expand...
What XRP went through and is going through is really hard, I just imagine whats on the minds of major investor, many exchanges will follow suit, I have registered on AEX I didn't find XRP there, though I registered after coin base delete XRP.

However the Japanese have refused to se XRP as a security coin, hence I think Japanese exchanges may still be trading XRP.
 
Recently, ripple got some major boost from crypto lovers on social media platforms. It's still the top 5 most traded crypto in the world. I think it's doing well so far despite the setbacks it's experiencing. For those exchanges delisting ripple like coinbase, holders can easily switch to a more robust platform like binance.
 
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.
 
After the lawsuit was filed, a lot of exchanges halted ripple transactions. I do not about other exchanges, but coinbase hss not still un banned ripple. Thnkfully, I do not use ripple
 
I'm just seeing this post now and despite the crackdown on the coin son last year, it eventually won the case against sec. That is why in most cases it is not good to sell off immediately there is a bad news in the market
 
A lot of exchange platforms stopped offering service for ripple following the lawsuit, but this did not hamper ripple because even though the price went down, it was only for the brief time.
 
This is really a serious issue. I only heard of coinbase delisting ripple but it has now extended to other exchange. This is rather unfortunate. The way it is going, it seems more exchange will join on this soon which is not a good news at all. It is just my opinion though.
 
These are all market strategy and they are doing all these because ripple is facing a law suit against the United States SEC.
When the case is over, most of them would bring back the coins and by that time, the price my be too high for customers to buy, so this should be the time for me to take advantage and use binance
 
I don't even like how most of this platform are suspending ripple just for all this lawsuit stuffs ,so what of binance that are still allowing people to trade ripple does it really mean that they are against the law of cryptocurrency ?
 
Despite the action taken against the coin by the major Crptocurrency exchange, the coin conveniently gained recognition by the countries outside the US. This is definitely the best that happened.
 
This was as a result of the court case that ripple was facing but it's looking brighter for them now as it has been rumoured that ripple would most likely win the case.
I don't blame them though, they need to take safe measures and put up a good image for their customers as well as eliminating anything that could aid fraud.
 
Xrp financial status remain very strong despite the lawsuit levelled by the SEC. The exchange deleting the coin would definitely cause a decline at first, but definitely surges later.
 
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