News Announces XRP Delisting, Price Reaches $0.22 – Finance Magnates, a cryptocurrency exchange and app, announced today that XRP trading on app in the US will be suspended from 19 January 2021. 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, 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 earn.

“Effective January 19, 2021, at 10 am UTC, XRP will be delisted and trading suspended from the App in the US. Customers based in the US won’t be able to deposit XRP into the App as of January 19th, 10 am UTC. Withdrawal of the cryptocurrency from the 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,” mentioned in the official blogpost.

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