Open Demo Account
Home / Breaking News / Coinbase to Halt XPR Trading after SEC Suit Against Ripple Labs Inc.

Coinbase to Halt XPR Trading after SEC Suit Against Ripple Labs Inc.

Adel 29 December, 2020 1:22 pm Breaking News, Cryptocurrency, Market Update

The Securities and Exchange Commission (SEC) has accused Ripple Labs Inc. of unlawful issuance of securities in the form of sales for XRP (XRPUSD), by selling more than $1 billion of the virtual tokens without registering with the agency.

Later, Coinbase announced that it will halt all XRP trading starting on Jan. 19, 2021.

The XRP price is currently suffering greatly from the news, posting another 18% loss over the last 24 hours. XRP trading at $0.227 at the time of writing.

Tags

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends