Binance.US is going to suspend XRP trading and deposit

[poodle63]

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.

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.

[Xxmodded]

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.

[michellee]

Most U.S. based exchange had started removing/suspending XRP on their market, the reason why XRP price had a free fall even with investors' effort to keep the price going.  Nobody knows where will this issue take XRP, if the lawsuit keeps on and Ripple losses it, XRP will have to say goodbye to the market completely.

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.

[Fredomago]

Most U.S. based exchange had started removing/suspending XRP on their market, the reason why XRP price had a free fall even with investors' effort to keep the price going.  Nobody knows where will this issue take XRP, if the lawsuit keeps on and Ripple losses it, XRP will have to say goodbye to the market completely.

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,.

[Xxmodded]

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.

[kram31]

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?

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.

[tvplus006]

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.

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.

[imstillthebest]

I think more exchanges are starting to remove XRP due to cases from the SEC, and I heard that all cryptocurrencies that have a security platform will be removed from the list of major exchanges, so for those who have balances in altcoins like that I hope not to late securing his assets.

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 .

[Xxmodded]

I think more exchanges are starting to remove XRP due to cases from the SEC, and I heard that all cryptocurrencies that have a security platform will be removed from the list of major exchanges, so for those who have balances in altcoins like that I hope not to late securing his assets.

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.

[MCobian]

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.

[Banulit]

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.

[tvplus006]

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.

[crwth]

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.

[newwest]

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.

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.

[Vishnu.Reang]

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.

[zidanw]

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.

[Btra]

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.

[tyz]

I think more exchanges are starting to remove XRP due to cases from the SEC, and I heard that all cryptocurrencies that have a security platform will be removed from the list of major exchanges, so for those who have balances in altcoins like that I hope not to late securing his assets.

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.

[plr]

This time is very critical for xrp, i think all are exchange site receive smell of scam from this centralized coin also reason of lost trust over xrp.

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.

[fullhdpixel]

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.

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.