Bittrex removing XRP

[Little Mouse]

After coinbase and Okcoin announcement, bittrex is also removing XRP on 15 January 2021 announced here- https://bittrex.zendesk.com/hc/en-us/articles/360054838991-XRP-Market-Removal-January-15-2021
Just wondering, why Kucoin has created a competition for deposit and trade XRP on their platform.

[khiholangkang]

If this continues soon XRP will have no value

Just wondering, why Kucoin has created a competition for deposit and trade XRP on their platform.

Maybe XRP paid KuCoin to hold this competition, but yes. this is very dangerous for KuCoin's reputation
https://www.kucoin.com/news/en-for-blockchain-trade-deposit-xrp-on-kucoin-to-share-100000-usdt

[jossiel]

Here they go.

The other popular exchanges started to show what are their decision towards this lawsuit for XRP. And here they are, removing XRP after those who had made their decisions. I've also noticed the kucoin announcement with the depositing and trading of XRP and the chance to win USDT.

I guess XRP has found some exchanges to be with them even during this hot lawsuit issue that they have.

Maybe XRP paid KuCoin to hold this competition, but yes. this is very dangerous for KuCoin's reputation
https://www.kucoin.com/news/en-for-blockchain-trade-deposit-xrp-on-kucoin-to-share-100000-usdt

Maybe this could be something personal on their end before other exchanges fully halt the operation with XRP. They will dump it all at once with those traders that would join this contest. That's just my wild guess.

[kidbounty]

after this what other exchanges will Coinbase follow. I predict Poloniex or Kraken will do the same. or maybe all the big exchanges will. ripple is done for, and it's hard to come back if this becomes real.

[adzino]

Maybe XRP paid KuCoin to hold this competition, but yes. this is very dangerous for KuCoin's reputation
https://www.kucoin.com/news/en-for-blockchain-trade-deposit-xrp-on-kucoin-to-share-100000-usdt

Does look like XRP paid them to host the competition to keep them relevant in the market and have trade volumes. But the reward distribution looks weird. I mean someone with lots of XRP can literally claim majority of the reward.
I am sure they tried contacting other exchanges too, but they denied. Truly sad to see they have to take such measures. With Bittrex also announcing the delisting of XRP, the price is going to go down even further more!

[Zackgeno96]

Exchanges started to remove this ponzi coin to exchanges if I remember it correctly the Coinbase too stops the trading of XRP well that's really very alarming for all the investors I think it's much better if they get rid of this coin and invest to other cryptocurrrency.

[Review Master]

Just wondering, why Kucoin has created a competition for deposit and trade XRP on their platform.

Maybe it's done to gain more customers/attentions from asian countries or a paid promotion to stable the price in this current situation. From their recent press release, they clearly mention that most of the customers aren't from USA.  Maybe it's not the end.

In the meantime, Ripple will continue to operate and support all products and customers in the U.S. and globally. The majority of our customers aren’t in the U.S. and overall XRP volume is largely traded outside of the U.S. There are clear rules of the road for using XRP in the UK, Japan, Switzerland and Singapore, for example.

Ripple Press Release: https://ripple.com/insights/our-statement-to-recent-market-participant-activity/

[Coin_trader]

Soon all exchange must remove $XRP to save from trouble with XRP legal problem facing right now. If the lawsuit filed against them finish. They are force to stop trading on regular exchange. Until now, the market for Security token is so limited. This will the greatest upset for XRP holders.

Leaving XRP is the best solution to avoid this mess or trap on a coin with zero exchange.

[Wingsbtc]

Here they go.

The other popular exchanges started to show what are their decision towards this lawsuit for XRP. And here they are, removing XRP after those who had made their decisions. I've also noticed the kucoin announcement with the depositing and trading of XRP and the chance to win USDT.

I guess XRP has found some exchanges to be with them even during this hot lawsuit issue that they have.

Maybe XRP paid KuCoin to hold this competition, but yes. this is very dangerous for KuCoin's reputation
https://www.kucoin.com/news/en-for-blockchain-trade-deposit-xrp-on-kucoin-to-share-100000-usdt

Maybe this could be something personal on their end before other exchanges fully halt the operation with XRP. They will dump it all at once with those traders that would join this contest. That's just my wild guess.

Few exchanges will still stand with XRP till the end, it's really a shame to see few top exchanges delisting XRP, what are they thinking? XRP won't go down without a fight, that's my own believe, XRP isn't a small project that got ranked over top 10 on coinmarketcap for nothing, if XRP win this challenge it will be very good, XRP isn't going zero

[Astvile]

Bittrex is another big exchange that has to suspend XRP trading pairs in fear of legal terms with SEC. Soon surely bigger exchanges will delist XRP pairs in the next few weeks. I already saw this coming but there is one thing that is bothering me, Why they will wait until next year if they can do it now? Is there any kind of news coming from Ripple team?

[meanwords]

Bittrex is another big exchange that has to suspend XRP trading pairs in fear of legal terms with SEC. Soon surely bigger exchanges will delist XRP pairs in the next few weeks. I already saw this coming but there is one thing that is bothering me, Why they will wait until next year if they can do it now? Is there any kind of news coming from Ripple team?

It's because they want to give traders enough time to withdraw or sell their XRP. Not everyone has access to their exchange 24/7 so it's pretty reasonable that they wait until next year before they delist. Probably after delist, they'll also remove the XRP wallet from their exchange.

[poodle63]

If this goes on XRP market cap will get plumetted in no time. Big exchanges has now started delisting it and I doubt exchange out there gonna take the risk tarnishing their repuation if things goes south.
But some said it the lawsuit won't affect XRP in outside US market though, but I honestly really doubtful about that, US influence is worldwide.

[Shallow]

There is no two ways about it, XRP will lose a whole lot from now till 15 January, this is because, exchanges plays a vital role in the growth of a coin as it bring more trading volume and more exposure to potential users, which then means that, as exchanges delist a coin, it creates fud or panic in the minds of users and that forces them to sell sometimes even at loss just to reduce the chances of losing more. Therefore having this in mind, the delisting from these exchanges will cause more price drop, and as more exchanges release their own news about delisting, it will add more fire thus causing more holders to sell. Lastly, in the case of Kucoin, launching a competition, well I do not know what their team was thinking but I think I it is an expensive endeavour which might backfire on them at the same time, it could mean some exchanges like Kucoin will stand with XRP to help them at least retain a certain value.

[Chainsmokers]

If this goes on XRP market cap will get plumetted in no time. Big exchanges has now started delisting it and I doubt exchange out there gonna take the risk tarnishing their repuation if things goes south.
But some said it the lawsuit won't affect XRP in outside US market though, but I honestly really doubtful about that, US influence is worldwide.

true, if this situation continues, it will certainly make the XRP price fall again and of course it will make investors very lose and slowly there are no more investors who believe in XRP is there a solution to this problem already? I personally didn't think that top coin could get bad news like this

[aTriz]

If this continues soon XRP will have no value

not it will not. I think XRP will become stronger after all these backlash they are having. and they are coming mainly from US Based exchanges.

Just wondering, why Kucoin has created a competition for deposit and trade XRP on their platform.

Maybe XRP paid KuCoin to hold this competition, but yes. this is very dangerous for KuCoin's reputation
https://www.kucoin.com/news/en-for-blockchain-trade-deposit-xrp-on-kucoin-to-share-100000-usdt

No it is not because XRP paid kucoin. it is because Kucoin is not a US based exchange. it's a korean based exchange (according to my knowledge) and they know that this is the best opportunity for them to adopt XRP now and provide XRP investors a shelter. because that will make them huge profit in coming days.

[trauchot]

More and more top cryptocurrency exchanges are delisting XRP and it is worth fearing something very bad, but of course I think scam exchanges will not delist XRP, but this will not help XRP, so think carefully before investing in XRP, because we do not know what will happen now with XRP.

[qazgroup]

After coinbase and Okcoin announcement, bittrex is also removing XRP on 15 January 2021 announced here- https://bittrex.zendesk.com/hc/en-us/articles/360054838991-XRP-Market-Removal-January-15-2021
Just wondering, why Kucoin has created a competition for deposit and trade XRP on their platform.

I do not think that delisting is the right thing to do because thousands of holders and investors are badly effected by delisting, they should just disable the trading for now and give some time to ripple team to clear and settle the issues, delisting news just creates fud and panic.

[royalfestus]

SEC is a very strong security institution in America, they went after telegram and facecebook and defeated them, making there intention through. They can be very selfish and protective of there citizens, I think most of the delist news from exchanges is to stay away from anything that could bring SEC close to them. The delisting from most of the exchanges has started with end to trading of any kind with XRP. I dont believe XRP can recover from it, it is likely the end of the project and the team behind it, it will soil their name and record forever.

[mu_enrico]

Well, if those exchanges, including Binance, will suspend trading on XRP, I see no purpose in holding this coin. But for conspiracy theories lovers, this might be an effort to dump XRP so whales could buy this coin as cheap as possible. What will you guys do if the price goes to $0.05 or lower?

It's rare to be seen when the OKCoin group, Bittrex, and others all agree to suspend XRP. Will we see a mother of all dumps?

[LogitechMouse]

Quite unfortunate for those investors who are still holding and hoping that XRP will bounce back after what is happening right now.

It started when 4 not so popular exchanges delisted it and then the others did the same too. I'm still waiting for the final blow and that is Binance delisting XRP and when that will happen possible next month at most then it will be over for this coin. I commend the team though for fighting it on the court.