Bitstamp US users will not be able to trade XRP

European cryptocurrency exchange Bitstamp announced that in January, US users of the site will lose access to XRP trading.

The decision was made in connection with the lawsuit of the US Securities and Exchange Commission (SEC) against Ripple and its management. The regulator accuses Brad Garlinghouse and co-founder Chris Larsen of selling XRP, which is unregistered securities, in 2013.

“In light of the SEC lawsuit alleging that XRP is a security, we are discontinuing XRP trading and deposits for all US clients starting January 8,” the exchange wrote on Twitter.

An article in the company’s blog states that Bitstamp “will closely monitor the situation and respond accordingly.” At the same time, the volume of XRP trades on the site is quite large – according to CoinGecko, over the past 24 hours on the site in the XRP / USD pair, deals worth $ 135 million have been made. This is the second pair in terms of trading volume.

Note that after the SEC filed a lawsuit against Ripple, many companies began to restrict work with XRP. The Hong Kong-based regulated platform OSL announced the temporary suspension of XRP trading and all operations with the cryptoasset . In addition, the suspension of trading announced two major market maker Jump Trading and Galaxy Digital, as well as payment company Simplex.

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