XRP/USDT pair listed by BitMartExchange earlier today
In late December 2020, several major cryptocurrency exchanges, such as Coinbase, started to delist XRP. This was primarily due to the announcement from the U.S. Securities and Exchange Commission that it would be taking legal action against Ripple Labs, the firm linked to XRP, for allegedly selling unregistered securities.
Trading platforms may be exposed to litigation risk if they continue offering services related to XRP without registering as broker-dealers or having appropriate licenses related to selling securities. The SEC contends that XRP is an investment contract and, thus, should be subject to federal securities laws. The announcement from the SEC caused the price of XRP to plummet, leading many investors to suffer significant financial losses.
More delistings will probably happen if Ripple loses its lawsuit against the SEC. The case is expected to reach a much-awaited resolution in the first half of this year.
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