CRYPTOCURRENCY-XRP falls by 22 pct. on Coinbase's suspension

The price of XRP on Coinbase fell by 22 percent to 0.20 dollars, after the announcement of the platform, that it would suspend the trading of Ripple's crypto currency XRP on Tuesday.

NEWS IN ENGLISH 29.12.2020, 15:23 29.12.2020, 20:39

CRYPTOCURRENCY-XRP falls by 22 pct. on Coinbase's suspension

Since the announcement of the SEC’s lawsuit last week, the price of XRP has fallen by more than 50 percent.
Coinbase said it will suspend trading of XRP, the cryptocurrency the U.S. Securities and Exchange Commission sued last week claiming it is really security.
Coinbase first listed XRP on its retail-facing platforms in February 2019. Starting now, XRP trading “will move into limit only,” Coinbase wrote. It will be fully suspended on Tuesday.
“We will continue to monitor legal developments related to XRP and update our customers as more information becomes available,” Paul Grewal, Coinbase’s chief legal officer, wrote in a blog post shared in advance with CoinDesk.
Coinbase said users’ XRP wallets will “remain available for receive and withdraw functionality after the trading suspension.”
Notably, the exchange said it will still support an upcoming airdrop of Spark tokens to XRP holders. XRP will still be supported by Coinbase Custody and in the self-custodial Coinbase Wallet.

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