In response to Ripple’s fallout with the U.S. Securities and Exchange Commission (SEC), several exchanges have begun delisting XRP or suspending trading activities. Bittrex is the latest to join the pool of exchanges.
The US-based crypto exchange announced that XRP trading pairs would effectively be removed from its platform on January 5, 2021. This is coming just 24 hours after Coinbase announced that it was fully suspending XRP transactions on January 19, 2020.
Although Bittrex did not explicitly state the reason for the delisting, the “why” cannot be far-fetched. The move is definitely connected with the SEC’s lawsuit.
Sadly, XRP/BTC and XRP/USDT are two of the most active trading pairs by daily volumes on Bittrex. The decision to delist the asset will be a big blow to Ripple.
Seeing that XRP is being removed from prominent exchanges such as OKCoin, Coinbase, and Bittrex, the question everyone is asking is whether Binance international will also delist the asset. So far, nothing has been said in this regard.
Binance’s Swipe Wallet has already announced that XRP will be delisted from January 5. Binance U.S. is expected to follow suit.