Bitstamp starts to halt XRP trading | Bitcointalksearch.org

YOSHIE

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Quote from: Coinsfera on January 08, 2021, 04:25:03 PM

I think unless SEC takes back allegations it won't.

Yes, many exchanges in the US are currently "suspending" XRP for the time being, instead, not stopping "suspensions" regarding the current lawsuit, In this case the US took action on XRP's mistake and violated US securities regulations, but XRP said it was waiting for further decisions on this matter.

Here there is already tension on the part of the exchange, such as: Bittrue, Gatehub and Uphold reject the decision to suspend XRP at this time.

Indeed here has raised doubts from xrp users in the US regarding the matter of this lawsuit, but the XRP, the trial will continue this February 2021 in New York, Let's just wait for the results of this continuation, whether XRP can defend it or vice versa, the point is that the decision is not final, there is still a follow-up.

What's interesting here is XRP vs (SEC): this case President Biden already knows the problem of this case, the story is long about the XRP vs (SEC) case, not final yet.

Shallow

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Another exchange at it again, this means XRP nightmare isn't ending anytime soon until the case with SEC is solved, because this stopping or halting of trade shows that more exchanges are gradually nursing the idea and will likely follow suit in order not to have issues with SEC. But yet again, looking at XRP price so far, one would have thought the price will dump badly right from the onset of this case, but the reverse seems to be the case as the price keeps being within a nice spot and the coin itself still among top 10. However, my own opinion to anyone who want to invest would be do be careful and do so with a fund he can afford to lose, because the fate of XRP is yet to be decided therefore it wouldn't be wise risking a lot of funds on it.

Dr.Osh

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XRP trading has started to stop in major markets. I hope it doesn't get any bigger. It's just that, I quite appreciate XRP, because even though it has decreased due to the SEC, XRP still maintains its price. however, I don't know how long it will be, but I still hope it will be normal soon.

Jating

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Quote from: torrantz on February 08, 2021, 01:33:18 AM

Quote from: blockman on January 09, 2021, 02:35:25 AM

As said when this XRP-SEC issue has exploded, when one common and popular exchange starts to halt trading operations for XRP on their US customers, the others will follow and the action couldn't only be for US customers and markets but could affect the entire XRP market for that particular exchange. This is expected just like the other exchanges that have all decided to remove and halt their XRP trading operations.

But probably only the exchange which are based in US gonna delist the XRP and exchange that was specifically made for US customer like for example Binance US.
The rest of exchanges that's not based in US could make their own decision whether to delist or not but what's for sure is XRP gonna lose a lot market trading volume if this delist goes on. Not to mention if SEC win the lawsuit

Yes, but there are other exchange outside the jurisdiction of the US that will continue to trade XRP.

But the thing is that US SEC arm is far reaching, so it's really hard to trade XRP on exchanges that still allow them and in their list. So it's better to really trade within that exchange and then move it to bitcoin just to be on the safe side.

We have seen XRP still flowing even with the lawsuit against SEC, but it's going to be a long ride and it's better to stay safe and stay away from XRP until everything settles down.

kolesozw

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Quote from: Coinsfera on January 08, 2021, 04:25:03 PM

After Coinbase and OKCoin, Bitstamp will stop XRP trading and deposits from tomorrow for US customers. Will this nightmare end for XRP? I think unless SEC takes back allegations it won't.

https://www.bitstamp.net/article/xrp-trading-and-deposits-be-halted-tomorrow-us-cus/

I don't think this will stop. I speculate that all major exchanges allowing US customers will half trading for them to avoid regulatory problems.

It's not worth the tiny XRP vs. SEC problems.

torrantz

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Quote from: blockman on January 09, 2021, 02:35:25 AM

As said when this XRP-SEC issue has exploded, when one common and popular exchange starts to halt trading operations for XRP on their US customers, the others will follow and the action couldn't only be for US customers and markets but could affect the entire XRP market for that particular exchange. This is expected just like the other exchanges that have all decided to remove and halt their XRP trading operations.

But probably only the exchange which are based in US gonna delist the XRP and exchange that was specifically made for US customer like for example Binance US.
The rest of exchanges that's not based in US could make their own decision whether to delist or not but what's for sure is XRP gonna lose a lot market trading volume if this delist goes on. Not to mention if SEC win the lawsuit

Forsaken-Throat

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Quote from: Coinsfera on January 08, 2021, 04:25:03 PM

After Coinbase and OKCoin, Bitstamp will stop XRP trading and deposits from tomorrow for US customers. Will this nightmare end for XRP? I think unless SEC takes back allegations it won't.

Now XRP market is now stable again, Coinbase, OKCoin and Bitstamp got slap from the XRP traders lah

illnino

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Quote from: Coinsfera on January 08, 2021, 04:25:03 PM

After Coinbase and OKCoin, Bitstamp will stop XRP trading and deposits from tomorrow for US customers. Will this nightmare end for XRP? I think unless SEC takes back allegations it won't.

https://www.bitstamp.net/article/xrp-trading-and-deposits-be-halted-tomorrow-us-cus/

These projects have been in demand and will continue to be in demand. The difference between them lies in their principles and modules. But they all have a common goal-to provide faster and safer transactions between different blockchains. Everyone is good it's hard to single out a leader.

blockman

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As said when this XRP-SEC issue has exploded, when one common and popular exchange starts to halt trading operations for XRP on their US customers, the others will follow and the action couldn't only be for US customers and markets but could affect the entire XRP market for that particular exchange. This is expected just like the other exchanges that have all decided to remove and halt their XRP trading operations.

Maxstl007

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Let them keep delisting XRP, I believe this isn't going to stop that project, whatever the hardship may be for this project it will come out of it smoothly, XRP is a big project, delisting from US exchanges isn't alarming for me, not a good reason for me to quit on XRP

cryptoaddictchie

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Quote from: makishart on January 08, 2021, 10:52:08 PM

There's no problem with it and it looks like the XRP whales are still pumping this coin even bunch of US exchange sites have started to delist XRP.

Actually I am also confuse with the market sympathy. Supposedly xrp is dumping already inspite of fud and bad news its been receiving on daily basis. But the price tend to pump even so. Not sure but it could be the Ripple owners doing this, as they are centralized anyway. With current ATH of 0.72 last few weeks, it's not that hard to pump it again going back to a more decent price from its super low price.

Curious why Binance still clinging with it. But volume still goods.

cilgindansci

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Another bad news for Ripple.. There is no good news for Ripple, but Ripple is still very resistant. It has made huge returns in the previous days but is still too risky for its investors. This news hasn't affected Ripple for now, but we don't know the future Undecided

Psynthax

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Sooner or later most of the US based exchange gonna delist XRP or limit US customers from using it whether they are doing it willingly or not.
In their point of view I would assume that XRP is just not worth that much the hassle to keep and better moving on reserving a place to list a maybe less-popular coin but doesnt bring any problem and bitstamp not the end of this delisting train.

_IRMAN

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Quote from: Coinsfera on January 08, 2021, 04:25:03 PM

After Coinbase and OKCoin, Bitstamp will stop XRP trading and deposits from tomorrow for US customers. Will this nightmare end for XRP? I think unless SEC takes back allegations it won't.

https://www.bitstamp.net/article/xrp-trading-and-deposits-be-halted-tomorrow-us-cus/

This nightmare will continue as long as XRP can't win the case with the SEC. This case will go a long way in terms of previous projects that had problems with the SEC.

inanilujimi

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big losses experienced by xrp during the bull market this year, when all the top altcoins continued to increase xrp was still spinning with SEC problems plus the number of exchanges removed xrp it was clear this altcoin didn't have a good future, as for the pump that happened the last few days for me the whale is playing its part so that people can get trapped in the xrp's deep hole, better avoid it.

Findingnemo

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Quote from: Coinsfera on January 08, 2021, 04:25:03 PM

After Coinbase and OKCoin, Bitstamp will stop XRP trading and deposits from tomorrow for US customers. Will this nightmare end for XRP? I think unless SEC takes back allegations it won't.

https://www.bitstamp.net/article/xrp-trading-and-deposits-be-halted-tomorrow-us-cus/

Already XRP price fell more than 50% when all the coins are bullish which itself a loss of the traders and holders but nothing new since SEC issued such regulatory measure so the price will dip further when all the exchange completed the delisting process.

makishart

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There's no problem with it and it looks like the XRP whales are still pumping this coin even bunch of US exchange sites have started to delist XRP.
Im thinking about the impact will be for the long term.
There will be a lot of people talking about the future of this platform. The accusation that comes from SEC has been making a lot of noise around the ripple holders about so many uncertainties on ripple.
This gonna be a very bad trend for ripple.

Coinsfera

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After Coinbase and OKCoin, Bitstamp will stop XRP trading and deposits from tomorrow for US customers. Will this nightmare end for XRP? I think unless SEC takes back allegations it won't.

https://www.bitstamp.net/article/xrp-trading-and-deposits-be-halted-tomorrow-us-cus/

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