Crypto.com News

Crypto.com Announces XRP Delisting, Price Reaches $0.22 – Finance Magnates

Crypto.com, a cryptocurrency exchange and app, announced today that XRP trading on crypto.com app in the US will be suspended from 19 January 2021. Crypto.com joined Coinbase and other cryptocurrency exchanges in XRP delisting amid growing concerns regards its status as a crypto asset after the SEC filed a lawsuit against Ripple. XRP price crashed more than 20% in the last 24 hours to reach $0.22.

According to an official statement released by crypto.com, the US-based customers won’t be able to make XRP deposits from 19 January. The recent decision will have no impact on the withdrawals. The exchange also mentioned the impact of the delisting on crypto.com earn.

“Effective January 19, 2021, at 10 am UTC, XRP will be delisted and trading suspended from the Crypto.com App in the US. Customers based in the US won’t be able to deposit XRP into the Crypto.com App as of January 19th, 10 am UTC. Withdrawal of the cryptocurrency from the Crypto.com App will not be affected. US-based clients with XRP Earn deposits will have their XRP unlocked and moved to their Crypto Wallet on December 29th, 2020, 10 am UTC; interest will be paid up until this date,” Crypto.com mentioned in the official blogpost.

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