Coinbase Suspends XRP Trading
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US cryptocurrency exchange Coinbase has reported the imminent suspension of XRP trading for users in all regions where it offers its services.

According to the platform, the XRP markets were put into "limit only" mode on December 28 and will be completely closed by Coinbase on January 19. At the same time, customers will still be able to access their wallet. They will also be able to receive Spark tokens as part of the planned airdrop. Support for XRP's Coinbase Custody and Coinbase Wallet storage services will continue. Coinbase has reported:

"We will continue to monitor legal developments related to XRP and update our customers as more information becomes available."

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A large number of companies have withdrawn support for XRP after last week the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple and its executive team accusing it of selling $1.3B in unregistered securities.

Coinbase has just become the largest crypto to withdraw support for XRP. Bitstamp has recently announced its intention to restrict access to XRP for US customers.

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