More Damage to Ripple as Bittrex Delists XRP

Bittrex is the latest crypto exchange to delist XRP. 

The company confirmed that it would remove all of its XRP order books at 19:00 EST on Jan. 15. Currently, the exchange has markets for BTC-XRP, ETH-XRP, USDT-XRP, and USD-XRP. 

Bittrex Halts XRP Trading

It’s yet another blow to the Ripple camp. On Monday, Coinbase, arguably the world’s best-known cryptocurrency exchange, shared an update that it would also be suspending trading on XRP.

Before that, OKCoin, Bitstamp, and Bitwise, among others, had all confirmed plans to halt trading. 

The exchanges have taken action to distance themselves from Ripple in response to the SEC’s lawsuit against the company. On Dec. 22, the SEC announced their plans to sue Ripple, alleging that they profited $1.38 billion from selling unregistered securities. 

Though XRP has seen a slight recovery in price in the last 24 hours, its token price has been severely affected by the chain of events following the SEC’s decision. It’s fallen 52% in the last week and 64% since the start of December. 

Disclosure: At the time of writing, the author of this feature owned ETH, among a number of other cryptocurrencies. 

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