US crypto exchange Bittrex is removing XRP trading pairs

Ripple • December 30, 2020, 4:20AM EST
UPDATED: December 30, 2020, 4:27AM EST
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U.S. crypto exchange Bittrex is removing XRP trading pairs on January 15, 2021, until further notice. 

The XRP pairs are tied to bitcoin, ether, Tether, and USD. That is, BTC-XRP, ETH-XRP, USDT-XRP, and USD-XRP.

Bittrex did not cite a recent lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple as a reason for the removal of the trading pairs. However, the exchange's removal policy lists "evolving regulatory standards and other compliance issues" as one of the factors to remove a market or delist a token.

Bittrex is the latest crypto exchange to announce the suspension of XRP trading. Coinbase, OKCoin, Bitstamp, and CrossTower have all announced similar actions. Binance.US and Kraken are the only two major U.S. exchanges that are yet to take action.

XRP has taken a beating since the SEC lawsuit. The digital asset is currently trading down at around 20 cents from nearly 60 cents a week ago.

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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