How do I short Ripple? I am in the US. What exchange in the US allows to short?

[greentech2]

I have a few thousand dollars to play with money?  I want to short Ripple to see if I can make some profit.  I am in the US.  What exchange in the US to allow to short Ripple?  What exchange in the oversea to allow US customer to short Ripple?  Thank you.

[OcTradism]

I have a few thousand dollars to play with money?  I want to short Ripple to see if I can make some profit.  I am in the US.  What exchange in the US to allow to short Ripple?  What exchange in the oversea to allow US customer to short Ripple?  Thank you.

With the price of Ripple now, I don't think you should short it.

List of exchanges from cryptowisser.com filer for US. users
Review on PrimeXBT
Trading pair for XRP: https://primexbt.com/price-chart/cryptocurrencies/xrp-usd

[Maus0728]

As far as I know, there are only few exchanges that allows you to short XRP which includes the following

[1] https://www.bybit.com/en-US/
[2] https://www.bitmex.com/app/trade/XBTUSD
[3] https://www.binance.com/en

More info here..
* https://www.binance.us/en/terms-of-use
* https://www.theblockcrypto.com/post/84020/binance-blocking-us-users-exchange-email-2

I am not sure though what particular state you are residing in U.S because I think that some location in your country are blocking Binance exchange operations but you can check all the other exchanges that I have mentioned. Moreover, be careful when you are trading XRP.

[kolesozw]

I have a few thousand dollars to play with money?  I want to short Ripple to see if I can make some profit.  I am in the US.  What exchange in the US to allow to short Ripple?  What exchange in the oversea to allow US customer to short Ripple?  Thank you.

You could do it on Bitmex:

https://www.bitmex.com/app/trade/XRPUSD

You will have to pass compulsory KYC:

https://bitmex.freshdesk.com/en/support/solutions/articles/13000081242-what-is-changing-on-4-dec-2020-
https://blog.bitmex.com/accelerating-the-bitmex-user-verification-programme/

After depositing some BTC, you will be able to short Ripple in:

- Perpetual contract, having funding fees every 8 hours
- Dated contract, not not having funding fees



Edit: Sorry, the new TOS are NOT allowing US residents.

https://cointelegraph.com/news/us-authorities-eager-to-deter-citizens-from-unregistered-crypto-exchanges

Up to three months ago you could bypass it with a VPN

[passwordnow]

With the price of Ripple now, I don't think you should short it.

OP's reaction is normal after the SEC has finally announced that they'll file a lawsuit against Ripple. Exchanges are likely to stop the trading operation for all of the XRP pairs one by one.
Binance.us would be the best option. I haven't seen any news from them or a hint that they'll be stopping the trade for XRP due to this incident. OP has seen the quick dump that's happening in XRP today.

[joniboini]

I won't be surprised if those exchanges started delisting XRP. I'd rather avoid XRP atm. Yesterday might be the best time to short it, but right now it's too risky imo. One thing that's clear though, XRP is going to get hit really hard after SEC charges them with those lawsuits.

[greentech2]

I find out that in the US I can use Kraken.com exchange to sell short XRP.  I heard that SEC allows the exchange still to list XRP in 5 years grace period.

[logfiles]

I think it's not advisable for OP to use exchanges like Bybit which do not allow US residents or citizen to trade through their platform. If they one day wake up and freeze or block any account they suspect to be used by a US Resident or citizen. Then the trader can only blame themselves for not heeding the warnings

OP please carefully look through the terms and conditions of the different exchanges you plan to use to avoid getting disappointed in the end

Some parts are even written in Caps which means this is a very serious issue

IF YOU DO NOT ACCEPT THE TERMS OF SERVICE OUTLINED IN THIS AGREEMENT OR ANY CHANGES THERETO, DO NOT ACCESS THIS SITE AND DO NOT USE THIS SERVICE.

PROHIBITION OF USE: YOU REPRESENT AND WARRANT THAT YOU HAVE NOT BEEN INCLUDED IN ANY TRADE EMBARGOES OR ECONOMIC SANCTIONS LIST (SUCH AS THE UNITED NATIONS SECURITY COUNCIL SANCTIONS LIST), THE LIST OF SPECIALLY DESIGNATED NATIONALS MAINTAINED BY OFAC (THE OFFICE OF FOREIGN ASSETS CONTROL OF THE U.S. DEPARTMENT OF THE TREASURY), OR THE DENIED PERSONS OR ENTITY LIST OF THE U.S. DEPARTMENT OF COMMERCE. YOU REPRESENT AND WARRANT THAT YOU ARE NOT LOCATED IN AND ARE NOT A RESIDENT OF ANY JURISDICTION WHERE THE SERVICES OFFERED BY BYBIT ARE RESTRICTED. For the avoidance of doubt, the prohibition of use shall cover a jurisdiction (i) where it would be illegal according to any applicable law (by reason of your nationality, domicile, citizenship, residence or otherwise) to access or use the Service or the Website; or (ii) where the publication or availability of the Service or the Website is prohibited or contrary to local law or regulation, or could subject Bybit or any member of its group to any local registration or licensing requirements.

https://www.bybit.com/app/terms-service/information