Bittrex joins Coinbase in removing Ripple’s XRP after SEC lawsuit. Cryptocurrency exchange Bittrex reported on Dec. 29 that starting from Jan. 15, 2021, it would withdraw all XRP markets. BTC/XRP, ETH/XRP, USDT/XRP and USD/XRP are the impacted trading pairs.
The announcement comes just days after fellow exchange Coinbase said that it would suspend trading in XRP from Jan. 19. XRP’s fortunes have taken a significant downturn since the United States Securities and Exchange Commission unveiled a lawsuit against XRP issuer Ripple last week.
The lawsuit claims that Ripple, along with CEO Brad Garlinghouse and co-founder Chris Larsen, have raised over $1.3 billion through what it claims is an unregistered, ongoing securities sale of XRP.
Ripple hit back yesterday, claiming that the SEC’s “attack” on Ripple is an attempt to bring down the entire U.S. crypto industry. While denying that XRP is indeed a security as the SEC claims, it also noted that the majority of XRP customers reside outside of the U.S. and that it would continue to operate and support its products in the rest of the world.