CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$26,183.00
  • ethereum
    ETH$1,579.51
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » Binance US To Delist Ripple Following The SEC Lawsuit: XRP Plunges Below $0.2

    Binance US To Delist Ripple Following The SEC Lawsuit: XRP Plunges Below $0.2

    Author: Jordan Lyanchev

    Last Updated Dec 30, 2020 @ 21:01

    The number of cryptocurrency exchanges delisting Ripple’s native digital asset following the SEC charges has grown as Binance US joins in. 

    The US branch of the leading cryptocurrency exchange Binance has joined the long list of trading venues that will remove the XRP token from its platform. At the same time, the asset has continued with its price drops as it struggles with the $0.20 level.

    • CryptoPotato reported a few weeks back that the US Securities and Exchange Commission has brought charges against Ripple alleging the company of conducting a $1.3 billion unregistered security offering.
    • Although the payment processor claimed numerous times that the allegations were wrong, multiple crypto exchanges started delisting its native digital asset – XRP.
    • After the first wave of delisting exchanges, the largest US-based platform Coinbase also delisted XRP. Earlier today, Binance US made a similar decision announcement as well.
    • The US branch of Binance will delist XRP on January 13th, 2021, at 10 am EST. The exchange will also suspend trading and deposits. However, XRP withdrawals will not be affected at this time. The statement outlined that a withdrawal requires a tag / MEMO to complete the transaction.
    • Despite the delisting, Binance said that eligible users will still be able to claim their Spark (FLR) airdrop tokens next year. The company will provide more details on how the distribution will take place.
    • The SEC charges and the subsequent XRP removals from exchanges have caused severe harm to the token. Ripple’s native crypto lost about 70% of value in two weeks. 
    • Prior to the Binance US announcement, XRP had jumped to $0.24, but the news from the leading exchange has plummeted the token back to $0.20.
    ripple-tree2-min
    Another exchange down from the Ripple tree.
    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

    Tags: Binance Binance Delisting Ripple SEC
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$26,183.00
  • ethereum
    ETH$1,579.51
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Quantstamp’s CEO: Here’s Why ‘Audited By’ for Crypto Security in 2023 is Not Enough (Interview)

    Quantstamp’s CEO: Here’s Why ‘Audited By’ for Crypto Security in 2023 is Not Enough (Interview)

    Deep Dive into Ethereum: What Changed A Year Post-Merge?

    Deep Dive into Ethereum: What Changed A Year Post-Merge?

    The Reports of Friend.tech Death Have Been Greatly Exaggerated (Opinion)

    The Reports of Friend.tech Death Have Been Greatly Exaggerated (Opinion)

    Exploring PayPal’s Foray into Cryptocurrency: A Game-Changer in Digital Finance

    Exploring PayPal’s Foray into Cryptocurrency: A Game-Changer in Digital Finance

    DeFi Without Native Rights Is Dead

    DeFi Without Native Rights Is Dead

    How Does the Shiba Inu (SHIB) Burn Work: Everything You Need to Know

    How Does the Shiba Inu (SHIB) Burn Work: Everything You Need to Know

    Crypto Will Go Away If There’s No Privacy: Interview With Anoma and Namada’s Adrian Brink

    Crypto Will Go Away If There’s No Privacy: Interview With Anoma and Namada’s Adrian Brink

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!