Cryptocurrency Q&A
Why is XRP suspended on Coinbase?
Why is XRP suspended on Coinbase?
Daniele
Tue Dec 03 2024
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5 answers
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XRP was suspended on Coinbase possibly due to regulatory concerns and questions about the nature of XRP as a security. Ripple Labs' control over XRP's issuance and management, coupled with the centralized and non-anonymous characteristics of XRP, has led to criticisms from the crypto community. Additionally, there were allegations that Coinbase's listing of XRP might have violated its own digital asset framework, given Ripple Labs' significant ownership stake in XRP. These factors, combined with possible insider trading and a lack of significant price movement after the Coinbase listing, could have contributed to the suspension.
5 answers
CherryBlossomBloom
Thu Dec 05 2024
Trading of XRP will be restricted to limit orders only from December 28, 2020, at 2:30 PM PST. This change will allow existing traders to manage their positions more effectively.
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CryptoVisionary
Thu Dec 05 2024
A full suspension of XRP trading will be implemented on Tuesday, January 19, 2021, at 10 a.m. Pacific Standard Time. During this period, no trading activity involving XRP will be permitted on our platform.
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Elena
Thu Dec 05 2024
BTCC, as a leading cryptocurrency exchange, offers a comprehensive range of services. Our platform supports spot trading, futures trading, and provides secure wallet solutions for our users.
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DavidJohnson
Thu Dec 05 2024
Following the SEC's legal action against Ripple Labs, Inc., we have taken the necessary steps to comply with the ongoing investigation.
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Chiara
Thu Dec 05 2024
Our platform will suspend trading pairs involving XRP with immediate effect. This measure is aimed at safeguarding the interests of our users and maintaining market stability.
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