Bitcoin Forum

Binance US going to suspend XRP trading and deposit from january 13!

https://support.binance.us/hc/en-us/articles/1500000956801

As expected, US base exchanges will start delisting XRP to avoid any conflict with the US SEC.  So it isn't a surprise to see Binance US delisting XRP.  I wonder how will the XRP market react to this.  Will this one drive the price of XRP even lower?

Not only Binance. Coinbase has also announced that it will temporarily suspend XRP trading to wait and see how the lawsuit will proceed. This could also be a first indication that sooner or later XRP will also be removed from Coinbase. Other platforms are still sticking to XRP, but the question is how long they can do that without coming into the focus of the SEC and other regulatory authorities.

The rate at which exchangea are halting services for Xrp, a point would come when most projects will start ignoring US investors, it's becoming annoying how their SEC pose nose on every crypto activity especially Bitcoin and Xrp.
It is good that binance is keeping their reputation by delisting and following coin base step. Xrp is becoming shit coin without magnitude and direction.

I was expecting this to happen. It all follows the domino with other exchanges to halt all the trading that happens for XRP. That's already the sign that they will have a negative reason to keep XRP this time.
It's no longer that good to keep it although some exchanges would still keep it. The advice of most people that still have it is that sell it while you can.

Coinbase, Okcoin, Bittrex, and then Binance.US
some platform lists have suspended XRp from their lists, and it looks like this is still going on. and yesterday I read the article but forgot the link about Huobi Exchange. but I remember that Huobi will also suspend Xrp in the near future.
this is very bad for XRP.

Yes.

Huobi Japan already suspended XRP for Deposit & Trading you can search the news on google pretty easy to find it, more exchange will coming. I expecting the price reached 1 cent, and maybe wanna to gamble by buying the fucking dip ~LOL.

DYOR & DWYOR.

Finally, binance US will be banning XRP and we are still having some US exchange sites that didn't yet announce about its legal action for XRP's case. I believe those sites will be announcing it very soon.
poloniex is the only US exchange site that is not yet giving any announcement regarding this. poloniex may release its statement soon.

Almost known exchanges are delisting XRP, is it possible that XRP will gone?
I'm not sure if the rest will follow and totally make XRP out in the market coz if that will happen, holders will dump it now and switch to other coin/s.

The effectivity of the said announcement will be next year but for sure it gives worries to its holder. Yeah, I should have to secure my funds than to say sorry.

For all of the years I have been connected to the whole crypto space I have always felt a bit weird about Ripple. The team has a huge supply they can freely sell, also XRP itself doesn't have to be used for transfer of wealth on the RippleNet.

About 2 months ago I heard a guy talking how his biggest hold is Ripple and he thinks that its fair price should be 100usd but he would sell some of his holdings when it hits 50usd. I asked him some questions to understand if he understands what marketcap means. He didn't have a clue.

I feel sorry for the people who lost money here, but often times everyday people jump in head first hoping for fast gains with no research and basic understanding.

It's a shit sandwich and every Xrp bag holder with deluded dreams are gonna have to take a large bite. The dreams over boys and girls, I myself was huge proponent of Xrp, but man, I jumped ship at support. Its gone now, below support, people get out now

Here we go again.
I think that Ripple is facing the worst days ever because of this SEC case. Let's just follow the price movements in CoinMarketCap and let's see what's going to happen. I'm sure that it won't die immediately, some whales will try to pump it. I am sure that XRP is going to do the same movements of Veritaseum, beware guys!

Biggest or major of market for XRP, already start to stay away. I dont know there’s could be solved between SEC and Team XRP.
For those holder XRP should considering to sell the coins before something wrong happens.
If there’s no market it’s mean to demand on it.

It's sad to think that the 3rd world's known cryptocurrency before had been experienced delistings from known exchanges. These news changes the prospective of its investors and perhaps were liquiditing right now in order to avoid worst losses.

Well, if its not because of the controversies underlying Ripple company, XRP wouldn't even faced this problem. But it is obvious that funds were circulated among the management from sourced product because XRP hasn't moved significant price action not like btc and eth during bull periods of alts.

My question today is that even though many major exchanges are delisting XRP coins, why can't the price be worse than 0.2$?
isn't this strange, there should be no more reason for them to continue to believe in this project. and there's no more reason to buy or hold, but since the announcement of coinbase, bittrex, Bitstamp, or okcoin the XRP price has been stuck at 0.2$. and occasionally increases. is there any person or group trying to prevent XRP from collapsing.

Well, Ripple team still can negotiate with SEC to find some solution. Some ICO teams did so in the past and continued to operate after paying some fines.

This is inevitable. And not just Binance US. I have just read that Bittrex will also be suspending XRP trading. Aside from Bittrex, the names Crypto.com, Coinbase, OKCoin, etc. will also be suspending the XRP market in their platforms.

The list goes on to include Wirex and Ziglu. I am looking forward to a very cheap XRP because of this. I hope XRP will not fully go down the gutter after this problem with the SEC.

Source: https://www.coindesk.com/crypto-com-to-delist-suspend-xrp-in-the-us-after-secs-ripple-suit

with SEC suing XRP it will be a very serious problem for XRP, because there are already many exchange that suspend XRP (Okcoin, Binance, Coinbase, Bittrex, etc.) and of course this will also decrease investor confidence in XRP, unless the problem that happened to XRP will be resolved properly in the future (although it may be difficult or even take a long time), but it can make investors believe again to invest in XRP.

Yes, big bad news for xrp. I hold some xrp. Which has increased my current portfolio. In this way, the news of suspension from the exchanges is not likely to increase the xrp price. Should I sell now?

Yes this is very bad news for XRP Holder. Now price will dump 0.1 and XRP will die soon.
This was expected because after coinbase delisted it 100% chance that binance will also delist it.
My advise to XRP holder, "" sell your coins as fast as you can"" there no chance that XRP will recover now . price will go down day by day.
Only way yo recover that XRP pay fines.
Lets see whats happen in next.

But where to buy if all exchanges suspend XRP trading? Let's see if our local exchanges also suspend trading on XRP.

Feels bad man. You shouldn't ask the forum for trading advice as nobody can predict the future. It depends on your prediction really about the lawsuit, if they manage to get away with paying fines, the price will return to normal. However, if the US treats it like the liberty reserve, the value will go down to literally zero.

And what is more interesting is it (unregistered security thing) can be applied to ICO/IEOs as well.

it didnt says delist but it was only suspended , for now but we wont know later on if they will decide to delist xrp  . does that mean that xrp still have a chance in binance ? but on other exchange , xrp is finally delisted and it was sad but we cant do anything with that decisions .

so it was only u.s based exchange where xrp is suspended and delisted ? is that means that non exchange still continue the operation on xrp just like the old times ? thats better if they will atleast the price wont totaly collapse into its untimely death but xrp will still experience some declines if delisting and suspensions happen on u.s based exchange

Expected that to that's why I sold it already.
I don't intend to keep a coin that will just lose its value in the upcoming events of delisting.
I am sure other exchanges will follow making it priced to dust.

It's a shitty event but there's not much to do if investors are doing the same thing.
Being a martyr just to show support is not going to help either.  :D

I think this is the last straw for XRP, if Coinbase and Binance.US started to suspend trading and deposit, two of the biggest exchanges now then it will really spell doom for XRP holders. I do hope that those who are a bagholders have liquidated their assets because you will really lose a lot of money here with all the things going on XRP.

I know that there are still people who thinks they can make money of the downtrend, but it is going to be very difficult unless you time the market when it started to pump again.

This was meant to happen after Coinbase almost all US exchanges are delisting XRP. Time for XRP holders to get out of this mess before it is too late. Ripple is getting rekt everyday, while the market remains green. After Binance US delisting there will be nothing left of XRP.

The situations become worst for XRP, and it could be doom for the project because many people, especially the investors who hold a large amount selling their coin before the price drops more drastically. It is difficult for XRP to lift the price, even for just a small price, because they are losing their support. The teams need to modify their strategy and trying hard to solve the problem.

Binance team have every right to delist XRP because the platform is binance US which is mainly for the US investors and traders, I believe that all crypto exchanges that are targeting US citizens will have to delist XRP too, I won't take this as a big problem for XRP because XRP isn't the first that SEC will go after like this

This news didn't come as a surprise to me. Bittrex yesterday, Binance today, another exchange tomorrow will make the same decision. Ripple will take a big wound and it will be very difficult to fix it  :-\

Im getting a bit surprised to see that HUOBI was also announcing the same thing like binance US too. Binance global might do the same as binance US too. If there will be more big exchange site like OKEX will try to suspend its trading service for XRP and it could be the disaster for XRP. 10 cent can be achieved by XRP next month.
it will never be fixed if SEC was winning the case.

What can one say, US based exchanges are taking the actions they have to take in order to save their heads and avoid any sort of problems with SEC. XRP is really having a hard time since the end of this year, it keeps dumping and the delisting news of a thing isn't helping matters at all as more exchanges are now on the list of delisting it and this make people wonder what will become of XRP come next year which is just few hours from now. The faster this case is attended to the better for XRP and their team because if care is not taken XRP is going to lose a lot and might be worthless at the end, if there are no exchanges to trade it.

This fight is for the US base cryptocurrency exchanges only, so, Binance among others must comply strictly to avoid the wrought of the SEC in accordance to laws that govern them, though this law suit will have serious impact on ripple existence but doubt if this project will come back strong again. The fact that the law suit doesn't affect other jurisdiction shouldn't give hope to it investors of still holding their scam coin becasue it will do more harm to them than expected.

Well, as we all know xrp is not going well as of the moment. And Coinbase, okcoin already announced the suspension so as expected other major exchanges like Binance will also follow. Xrp's trading volume is very low, near to be a no value that's why they are stsrting to announce the suspension maybe followed by delisting.

yes you're right, all exchanges seem to be considering Ripple. so sooner or later they will follow. this will be the end for XRP, no one will buy this coin in the market. next year will be the last year XRP is in the crypto market. slowly the ripple will lose its price.

And what's next is those local exchanges that supports XRP, pretty sure that we will heard every one of them suspending XRP completely. Everyone now is turning against XRP, so it's going hard for them to survived and fight SEC as the case could drag them for years resulting into a billion dollar lost for investors.

Can't blame those investors that are keep on supporting it because their money is on it. They are putting their hopes on it.
The incident will keep on going and just a few wrong move of other exchanges, they might also be targetted by SEC and could lead them to dig some holes that they have in the past and in the present.

Binance.US is going to suspend XRP trading and deposit,
Is this true news?
Because I hold the cryptocurrency all the time.
XRP is still on my investment list.
So for those who know, please let me know.

Officials Yes, you can check the links on #1 pages.
How possible you holding XRP, meanwhile you didn’t updating about hot news or prices of XRP?
It’s not only Binance but many of marketplaces do delisting for XRP.

It gonna really make a difference now on the XRP market for sure.
Thought it’s earlier know about the situation particularly for the US province .
And the people now who are holding the coin, don’t need to panic as they gonna still give you the option to withdraw your funds according to their article.

Still i am really thinking about the market status for XRP, and really feeling sad for it.

It's easy for you to spend some seconds of your life to click the link that already provided by OP. I can guarantee if that was a safe link that came from the binance US team. That will be more than enough to proves it to you if that's a legit announcement.

It's already priced in. XRP has been in essentially free fall in terms of BTC value ever since the SEC stuff came out.

I don't think it is necessarily rational though, at least not to the extent that we're seeing XRP fall and the rest of the market rally. It seems like a definite knee-jerk reaction from the markets. We've seen regulations threaten to kill off even BTC itself (think back to China, 2016) before, but markets and decentralisation are much more resilient that people expect.

I do think that XRP will make a full recovery as a matter of time - the fundamentals, apart from the US market, are still there. And the network infrastructure hasn't changed.

US influence is definitely world wide in this case and none of the exchange want to deal with SEC. Delisting it actually make sense to save them from the upcoming problem (if any) and also considering that US is a really big market. The only real problem here is as you mentioned, too many people invest in XRP and it turns out to be like this. I know very well that some even buying xrp in the market at current time thinking its gonna go up again although thats totally uncertain.

Look close with Bittrex for suspend trading ripple with Binance US on 13th January, I think many exchange have stop working with ripple and indicate ripple will delist on any exchange more, just waiting with Binance global will delist ripple or not and give chance for future trading to short order because ripple will go down if any market exchange delist this coin, firs update from Bittrex have announce for their member ripple delist on 15th January then allow by coinbase to delist ripple and now Binance US will delist ripple after get cases by SEC.

That is what the investors worry about and afraid of. They can not sell the coin at a high price, and they get a big loss because of this fall. It is difficult for XRP to back increase if more exchanges delisted XRP, and XRP will not have a chance to increase. But it is not over, and we could hope the best for the XRP to continue the crypto market journey.

If more and more exchange do the same it will be the end of XRP, investors will change directions since the fate of this project is uncontrollable.

SEC issues is more enough to bring the project down, though there are still investors who are trying to play with this project
and keep it moving to this level.

It's true that nobody knows what will be there in the future, be wise not to fall without doing your own research,.

I am waiting for this true or not for all exchange have announcement for delist ripple coin from coinbase, Binance US and Bittrex. Two weeks left for three exchange effective delist ripple coin trading on their exchange because I check now ripple price up, maybe when get delist news almost coin will dump how ever delist is bad reputation for any coin basicly with ripple have good place on coin market cap, when have news delist ripple coin maybe many investor afraid and sell their coin but now ripple have up.

This is so bad to all XRP holders, isn't? As far as I remembered, this past a couple days Binance was suspended it too to their
platform. You were also right, where is not a surprise anymore if the price of Ripple will goes down in the market. So, I think this is
the right time to sell their ripple in my own opinion.

It would be logical if Poloniex also stops XRP trading. I did not wait for Poloniex to announce this officially, and transferred my XRP to the Kucoin exchange, which is now holding a promotion for those who have made an XRP deposit. https://www.kucoin.com/news/en-for-blockchain-trade-deposit-xrp-on-kucoin-to-share-100000-usdt The promotion period is until January 4, 2021.

a thread i comented earlier https://bitcointalk.org/index.php?topic=5305854.msg55997597#msg55997597 .

 bittrex removes privacy coins not only security coins . ripple literally has a ripple effect to the other coins . this is the latest and biggest issue that we are facing now , not a good start for the new year .

this serves as an early warning for the hodlers of those coins that the coin they have can potentially de listed on most exchanges and they want to sell early if they dont want to loose .

Bittrex delist because ripple faced big problem with SEC and without any solve problem between both side ripple team and SEC commission, maybe without good news from ripple team how to make bittrex trusted with them so delist coin is best solution before many investor loss more in ripple coin trading or investing, now have pass three days after Bittrex give announcement but still not respond from ripple team to make Bittrex canceled for delisting ripple coin, I think it clear and best way for bittrex delist ripple coin.

I was not surprised to know that Binance US ended up suspending XRP, because XRP problems with the SEC will definitely have an effect
on exchanges based on US. This will be a tough problem for the XRP team to face, The only way is to win in court. But in my opinion there is
no way XRP can win against the SEC in court, so XRP's good name is damaged. I predict that in the near future many XRP holders will sell
their coins. Because if many popular exchanges do suspend and delisting, it will make people less trusting in XRP.

I am not suprised that xrp will be most likely to be suspended in several US base major such as Binance US because of the fact that the US SEC is having its lawsuit against xrp but it doesnt mean that these exchanges will delist ripple in their market because I think that they still believe that xrp has a very high possibility to win the case.

Although there is no official XRP ban yet, many exchanges have already responded to the SEC's lawsuit. Binance US is also forced to adhere to the unspoken rules that exist in the American market. But this does not mean that Binance will stop trading on its regional exchanges until there is a legal court decision on this issue.

With all the news surrounding XRP, I really doubt that it can come back easily. It really sounds serious that the SEC is trying to stomp their feet down with XRP with their allegations. Something of the legal action would really alert people. I know the gist of it, but I remember reading an article that Ripple's executives raised funds with it, and it wasn't registered to the SEC, resulting in what we see now.

Maybe this could be an opportunity for other people to buy XRP at a meager price.

This might just be end of the XRP coin probably as value will continue to fall as its started to get delisted from exchanges. This is going to hurt to all the XRP holders who had continue holding this coin unless sold in between when it was about 0.5$+ and also participated in Airdrop would be the lucky ones.

US based exchanges don't have any other option, but to delist XRP. Anyway, it is not going to have much of an impact. Although XRP was the third largest cryptocurrency in terms of market capitalization, its trade volume was not even in the top-10. Also, the XRP user base numbered much less than that of the other coins, such as Litecoin, Ethereum Classic and Bitcoin Cash.

This is pretty bad news to all the XRP holders as it can surely affect the position of XRP from it's market capital, price and daily trading. I wonder if XRP team has their own counter measure to this kind of issue that they are facing right now as it will surely endanger the future of XRP if they cannot do something to it.

I am sure Binance US is only doing what they think is better to them and for them to avoid any conflict or issue that they are going to face to US SEC so I cannot blame their decision.

The reason for the suspension of the Ripple from the Binance.US may be the Ripple is banned by the US Govt. because of the heavy dependencies of the private financial company and more money laundering activities. But, most of the countries' Govt. already applied the Ripple transactions in many banking and financial system for fast transactions. So, this news of the Ripple suspension from trading and deposit do not impact more globally.

All American exchanges will definitely do this. The regulated exchanges anyway. And the international unregulated are currently still holding back, but they will not want to take the risk of getting into the focus of the SEC just because they are holding on to a single coin. XRP has become a problem for many exchanges.

There's a possibility that we are not going to see Ripple in the market anymore, I don't know it's fate this 2021 if they can resolve this issue or they will go down, of course they will take this fight to the court but SEC is serious on their allegation and they know how to take you down with their suits, good luck to Ripple holders they should decide now if they want to dump.

Globally doesn't really matter because XRP is a company headed in USA and does most of its work in USA as well, plus the company and the coin doesn't really have a direct connection, when Ripple deals with a bank and moves its money around, do you get a cut from the profit as a coin holder? Like a shareholder?

You do not, which means while Ripple was making tens of millions of dollars in profit and buying other companies as well, you were getting the short end of the stick as a XRP holder, they only used XRP whenever they wanted to print more and sell more of it. This is exactly the reason why it shouldn't matter, Ripple company had some good things they didn't share with XRP people, so when Ripple had bad days, XRP shouldn't share that with them neither. However this is USA related so binance."us" will obviously delist it, it just makes sense.

We knew this was coming, you do not mess with the SEC and you want to stay away as much as possible from anything that is being investigated by them, to me this could be the end of XRP as we know it, even if the coin survives XRP has been always for the most part positioned at the top 5 in terms of market cap, and this could be such a blow that will get it out of that position and never recover, so if anyone is still invested in the coin maybe it is time to finally give up on it.

After last few days bad news from Ripple and delisting this coin from coinbase, binance us now still have any update news this will delist or not. But still not good news from ripple how to protect their coin keep existing on many exchange market as trading way because ripple become most popular coin and adopted by many bank so far, waiting when ripple back to higher and keep waiting when good news from ripple coin because I think this Ripple is the best coin so far.

A typical pattern can be seen again, as in similar cases in the past: First there is a massive sell-off. If sell-off persists, more and more investors leave the boat, especially if Bitcoin or other altcoins are performing well at the same time and they going to invest there. That increases the drop in prices. After a few months, when the situation has calmed down, the investors come back because they have made good profits with other investments and now see a good chance again in the massively fallen coin. It will be the same with XRP.

XRP is in a bad situation for now. It always was a quite strange cryptocurrency, because there were some undefined sides regarding decentralization and token economy policy. Sooner or earlier it could lead to the problems and unfortunately for XRP holders it happened. I don`t know what to say, because I always avoid investing in such unclear coins

The funny thing is that many large investors are gaining very large positions on Ripple.
The risk is high, but imagine how much money you can take after the problems are resolved and the price of the token begins to catch up with the rest of the market. Rocket.

If I am completely honest I do not know what they are waiting to get rid of their coins, I could understand this if we were talking about bitcoin as it has been demonstrated over and over again that bitcoin will always recover no matter how big is the crash, but this is not true for XRP, in fact it has not recovered at all from the 2017 crash and now it is suffering a new one, if anything there is the possibility that XRP disappears during the next years taking with it anyone that is still loyal to the coin despite what it is happening.

I read the news on the Russian Binance exchange, and did not find any news about the Ripple delisting.
Ripple is not going to delimit Asian exchanges either.
Therefore, the opinions of traders are divided: some say that this is the last rise before the fall, others believe that in a month the price of the coin will approach 1 dollar.

Maybe these holders are still believing the XRP team because they are continuously forging partnerships. But when Bittrex announced that they will delist XRP, I knew Binance.US will be next. Seems that the XRP market is bouncing back but for those holders they need to closely monitor as it may go down again.No one knows what XRP team is doing right now to resolve their case.

Those who are willing to take the risk can possibly gain very decent from this situation, like what we are seeing right now. XRP are gaining some value moving up almost 50% from the last time dumped.

Thre are people/investors who managed to catch up and now enjoying that amount of profits, you just need to take your step a little forward
and believe that something gonna happened along the way.

Still far from the last time high and also far from resolving the issue it's risky but if you
have that spare money and you are willing just keep your guard and monitor everything.

It's different with ETH, SEC has all of the proof and that's why SEC was taking ripple to the court. SEC didn't take ethereum to the court consider they have no enough evidence to prove that if ethereum was a security token. You must understand dude if it's not all of the things will be having the same result. it's not the same case.

I think the same cases just how the owner playing for ripple price, check now almost raise half of ripple price before and waiting few days later maybe ripple could reach at the same price before investigating by SEC, I think is true never have any SEC cases just way how owner ripple can get coins with lower price and ask helping from SEC commission to make many investor panic, now they have enjoy your panic selling how ever when ripple touch above $0.21 thy have buy more and now enjoy with ripple price above $0.35 and waiting next week give new update and make ripple back again to higher price.