{"id":34131,"date":"2020-12-29T10:02:43","date_gmt":"2020-12-29T08:02:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34131"},"modified":"2025-08-28T17:14:27","modified_gmt":"2025-08-28T14:14:27","slug":"coinbase-and-okcoin-halt-xrp-trading-amid-sec-lawsuit","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/coinbase-and-okcoin-halt-xrp-trading-amid-sec-lawsuit\/","title":{"rendered":"Coinbase and OKCoin Halt XRP Trading Amid SEC Lawsuit"},"content":{"rendered":"<p>The cryptocurrency exchange Coinbase will suspend XRP trading for users in all regions it serves. A similar move was taken by the OKCoin platform.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Given the SEC\u2019s recent action against Ripple, all XRP books have been moved to limit only and Coinbase plans to fully suspend trading in XRP on Tuesday, January 19, 2021, at 10 AM PST. Afterwards, users will continue to retain access to their XRP funds. <a href=\"https:\/\/t.co\/izreZvgHNl\">https:\/\/t.co\/izreZvgHNl<\/a><\/p>\n<p>\u2014 Coinbase (@coinbase) <a href=\"https:\/\/twitter.com\/coinbase\/status\/1343685626001039360?ref_src=twsrc%5Etfw\">December 28, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>&#8220;Coinbase plans to fully suspend trading XRP on Tuesday, January 19, 2021,&#8221; the statement said.<\/p>\n<\/blockquote>\n<p>To date, Coinbase has become the largest US exchange to take such a step with XRP. It accounts for about 8.5% of the token&#8217;s global trading volume.<\/p>\n<p>Users will retain access to their wallets and will receive Spark tokens due to XRP holders as part of the airdrop. Support for the token will also continue in Coinbase Custody and Coinbase Wallet custody services.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p dir=\"ltr\" lang=\"en\">We will continue to support XRP on Coinbase Wallet and Coinbase Custody. Coinbase will continue to monitor legal developments related to XRP and update our customers as more information becomes available through the <a href=\"https:\/\/twitter.com\/CoinbaseSupport?ref_src=twsrc%5Etfw\">@CoinbaseSupport<\/a> Twitter account.<\/p>\n<p>\u2014 Coinbase (@coinbase) <a href=\"https:\/\/twitter.com\/coinbase\/status\/1343685731122868228?ref_src=twsrc%5Etfw\">December 28, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>&#8220;We will continue to monitor developments surrounding XRP and will notify customers as additional information becomes available,&#8221; Coinbase said.<\/p>\n<\/blockquote>\n<p>The OKCoin exchange will suspend trading and deposits in XRP from January 4, 2021 until further notice. All other functions will operate as usual.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">You can still withdraw <a href=\"https:\/\/twitter.com\/search?q=%24XRP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XRP<\/a> after Jan 4. Or choose to keep it on <a href=\"https:\/\/twitter.com\/OKCoin?ref_src=twsrc%5Etfw\">@OKCoin<\/a>. Suspension only applies to <a href=\"https:\/\/twitter.com\/search?q=%24XRP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XRP<\/a> trading and deposits. All other exchange functions will operate normally. <a href=\"https:\/\/t.co\/aS7rQ8381K\">https:\/\/t.co\/aS7rQ8381K<\/a><\/p>\n<p>\u2014 OKCoin (@OKCoin) <a href=\"https:\/\/twitter.com\/OKCoin\/status\/1343646026314309632?ref_src=twsrc%5Etfw\">December 28, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Trading platform asked margin-traders on the XRP\/USD market to return borrowed funds by January 3. Otherwise, active debt positions will be liquidated.<\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/ru\/\u041a\u0440\u0438\u043f\u0442\u043e\u0432\u0430\u043b\u044e\u0442\u044b\/xrp\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">CoinGecko<\/a>, XRP\u2019s price has fallen 55.1% over the past seven days. The token is currently around $0.23.<\/p>\n<p>Earlier, XRP trading for US residents was halted by several major platforms, including <a href=\"https:\/\/forklog.com\/en\/news\/galaxy-digital-halts-support-for-ripple-token-amid-sec-lawsuit\">Galaxy Digital<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/bitstamp-halts-xrp-trading-for-us-customers-as-token-price-resumes-decline\">Bitstamp<\/a> and <a href=\"https:\/\/forklog.com\/en\/news\/otc-platform-b2c2-halts-xrp-trading-for-u-s-residents\">B2C2<\/a>.<\/p>\n<p>The asset management company Bitwise Asset Management <a href=\"https:\/\/forklog.com\/en\/news\/bitwise-excludes-xrp-from-its-bitwise-10-crypto-index-fund\">excluded the token<\/a> from its flagship index fund Bitwise 10 Crypto Index Fund.<\/p>\n<p><strong>Update<\/strong>: the payments platform Crypto.com will remove XRP from its list of supported assets for U.S. residents from January 19, 2021.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24XRP&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XRP<\/a> will be delisted from the <a href=\"https:\/\/t.co\/vCNztABJoG\">https:\/\/t.co\/vCNztABJoG<\/a> App in the U.S. effective Jan 19th, 2021 at 10am UTC.<\/p>\n<p>Details: <a href=\"https:\/\/t.co\/aja3yrhxCe\">https:\/\/t.co\/aja3yrhxCe<\/a><\/p>\n<p>\u2014 Crypto.com (@cryptocom) <a href=\"https:\/\/twitter.com\/cryptocom\/status\/1343729471413620736?ref_src=twsrc%5Etfw\">December 29, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As reported, on December 23 the U.S. Securities and Exchange Commission <a href=\"https:\/\/forklog.com\/en\/news\/sec-files-suit-against-ripple\">filed suit against Ripple<\/a>, its CEO Brad Garlinghouse and co-founder Chris Larsen. The agency contends that the company sold unregistered securities in the form of tokens for seven years and raised $1.3 billion in the process.<\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Coinbase will suspend XRP trading for users in all regions it serves. A similar move was taken by OKCoin.<\/p>\n","protected":false},"author":1,"featured_media":34132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,138,231,112],"class_list":["post-34131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-coinbase","tag-okcoin","tag-ripple"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=34131"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34131\/revisions"}],"predecessor-version":[{"id":34133,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34131\/revisions\/34133"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/34132"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=34131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=34131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=34131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}