Joining the list of organisations that halted XRP trading for U.S. clients is the over-the-counter (OTC) platform B2C2. The Block reports.
Britain-based platform focused on institutional traders is one of the largest market makers in the cryptocurrency industry. In the United States the company operates through its 2019-launched subsidiary, B2C2 USA.
The platform halted XRP trading for U.S. residents last Thursday, after previously requiring voice confirmation when closing positions.
Trading for other countries remains available, but they must first secure short positions.
SBI Holdings bought a $30 million stake in the cryptocurrency OTC platform B2C2
Earlier this week XRP trading support was halted by the crypto bank Galaxy Digital and Chicago-based Jump Trading. The exchange Bitstamp also decided to bar American users from trading the token.
Earlier this week, on December 23, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, its CEO Brad Garlinghouse and co-founder Chris Larsen. The agency says that over seven years the company sold unregistered securities in the form of tokens and raised $1.3 billion.
Commenting on the proceedings, Garlinghouse noted that the SEC could spell trouble for other cryptocurrency companies and digital assets.
At the time of publication XRP was trading around $0.294, having fallen 5.4% in the last 24 hours. The weekly decline stood at almost 50%.
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