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Binance U.S. finally speaks, delisting XRP on January 13

John Williams

Dec 31, 2020 — 1 min read

This article is for informational purposes only and does not constitute investment advice. Always do your own research (DYOR) before making any financial decisions.

Binance has joined a host of other exchanges to deal a deadly blow on Ripple. Its U.S. segment announced yesterday that will be delisting XRP from its platform on January 13, 2020. In an official press statement, Binance said:

Effective Wednesday, January 13, 2021 at 10am EST, XRP will be delisted from Binance.US. XRP trading and deposits will be suspended. Binance.US users will not be able to deposit XRP as of January 13, 2021 at 10am EST. XRP withdrawals will not be affected at this time.

It is worth mentioning that despite the delisting, eligible users will still be able to claim their Spark airdrop tokens.

Binance U.S. joined the growing list of exchanges dumping the digital asset. In addition to Binance U.S., Coinbase, Bitstamp, Bittrex, OKCoin, and a couple of other exchanges have announced that XRP trading would be suspended on their platforms from next month. On the flip side, Huobi, Kraken, Bitfinex, OKEx, and Bithumb are yet to make any official statements.

The wave of delisting is coming after the SEC filed an official lawsuit against Ripple Inc. for selling unregistered securities.

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