Binance.US to Suspend XRP Trading and Deposits in January
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Binance.US, the US subsidiary of crypto trading platform Binance, has just announced it plans to drop support for XRP trading and deposits as of January 13, according to the announcement shared by the platform.

According to it, XRP's trading and deposits will no longer be available on that date, while users will still be able to withdraw their funds beyond January 13. However, to do so they will require a deposit tag/memo stipulated on the Binance.US website.

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It must be noted the withdrawal of XRP support will not affect users who claim their Spark (FLR) token distribution in 2021.

The platform's decision comes shortly after the SEC filed a lawsuit against Ripple for allegedly selling unregistered securities illegally.

Binance.US is not the only exchange that has decided to withdraw its support for XRP, as Coinbase, Bittrex, OKCoin, Bitstamp and CrossTower have recently done the same.

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