Cryptocurrency Q&A
Why is Coinbase not selling XRP?
Why is Coinbase not selling XRP?
Elena
Sun Dec 01 2024
|
5 answers
938
Coinbase is not selling XRP due to legal issues and regulatory concerns. Specifically, the US Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple, the company behind XRP, alleging that it sold unregistered securities. As a result, major cryptocurrency exchanges, including Coinbase, have suspended trading of XRP to avoid potential legal risks. This decision has significantly affected the price and market availability of XRP.
5 answers
LitecoinLodestar
Tue Dec 03 2024
After careful consideration, we have decided to temporarily halt the trading of XRP on our platform.
Was this helpful?
138
27
Silvia
Tue Dec 03 2024
This decision has been made in response to the SEC's lawsuit, which alleges that Ripple Labs violated securities laws by selling XRP without registering it with the SEC.
Was this helpful?
204
30
ZenMindfulness
Tue Dec 03 2024
BTCC, as a top cryptocurrency exchange, takes its regulatory responsibilities seriously and must comply with all relevant laws and regulations.
Was this helpful?
293
65
CryptoVeteran
Tue Dec 03 2024
The recent legal action taken by the Securities and Exchange Commission (SEC) against Ripple Labs, Inc has prompted us to reevaluate our trading offerings.
Was this helpful?
159
35
JejuSunshineSoul
Tue Dec 03 2024
In addition to spot trading, BTCC offers a range of services including futures trading and wallet services, all of which are designed to provide a comprehensive and secure trading experience for our users.
Was this helpful?
144
89
