Bitstamp: XRP trading and deposits to be halted for US customers
In light of the recent SEC filing against Ripple Labs Inc., which alleges that XRP is a security, we are going to halt all trading and deposits of XRP for our US customers on 8 January 2021 at 9 PM UTC.
We will closely follow the unfolding situation and continue to adapt accordingly.
Our US customers will still be able to withdraw XRP from Bitstamp. Customers from other countries are not affected.
https://www.bitstamp.net/article/xrp-trading-and-deposits-be-halted-us-customers/
This announcement could be the reason of the recent crash in price of xrp. The price recovery was going well before this announcement which has really crushed the price again, in coming days more paltforms can make similar announcements so the price can stay under stress.In light of the recent SEC filing against Ripple Labs Inc., which alleges that XRP is a security, we are going to halt all trading and deposits of XRP for our US customers on 8 January 2021 at 9 PM UTC.
We will closely follow the unfolding situation and continue to adapt accordingly.
Our US customers will still be able to withdraw XRP from Bitstamp. Customers from other countries are not affected.
https://www.bitstamp.net/article/xrp-trading-and-deposits-be-halted-us-customers/
there is no hope if other exchanges follow Bitstamp. this will be the end for ripple. I am sure that because of the daily trading volume that Americans contribute is quite large. if they are restricted, ripple will lose its trading volume. the impact may be a pretty severe fallz it could ripple back to 10cent.
That will ultimately affect as for sure.
Anyway, XRP is the coin one should never hold. I think of it being centralized and it doesn't attract me anymore.