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Bitrex Exchange also stopped Ripple trading

Bitrex Exchange has announced that from January 15, 2021 (January 26), it will delete all pairs of XRP digital trading currencies in this exchange. Bitcoin, Ethereum, Tetra and Dollar trading pairs for XRP‌ will be affected.

To Report Coin Telegraph, the Beatrix exchange announcement was issued just days after the Coin Bass exchange announcement. Coin Base Exchange announced in a statement that it will suspend its transactions with XRP from January 19, 2021 (January 30).

The XRP market has plummeted since last week, following a complaint by the US Securities and Exchange Commission against Ripple. Ripple is an exporter of XRP digital currency.

A lawsuit filed against Ripple alleges that the company’s executives raised more than $ 1.3 billion through the ongoing delisting of securities. Brad Garlinghouse, CEO, and Chris Larsen, co-founder of the company, have been named in the lawsuit.

In response, Ripple said in a statement yesterday that the “attack” on Ripple was an attempt to bring down the entire digital currency industry in the United States.

Ripple also rejected the US Securities and Exchange Commission’s claim for XRP‌ securities, noting that the vast majority of XRP customers live outside the United States and that the company continues to operate its products in other countries. Supports parts of the world.

However, this does not seem to have encouraged XRP investors, and the price of this digital currency has fallen another 10 percent in the past 24 hours to $ 0.2.

XRP traded at high prices before the stock exchange commission filed a complaint, reaching its highest annual price in late November (early December) at $ 0.67.

With the value of XRP falling by 70% from its price ceiling this year, analysts are wondering if this complaint could sound the death knell for XRP.


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