The announcement comes just days after fellow exchange Coinbase said it would suspends XRP trading from January 19.
XRP’s fortunes have declined significantly since the U.S. Securities and Exchange Commission issued a report lawsuit against XRP publisher Ripple last week.
The lawsuit alleges that Ripple, along with CEO Brad Garlinghouse and co-founder Chris Larsen, raised more than $ 1.3 billion through what it says is an unrecorded, ongoing securities sale of XRP.
Ripple hit back yesterday, alleging that the SEC’s “attack” on Ripple is an attempt to bring down the entire US crypto industry.
While it denied that XRP is indeed a security, as the SEC claims, it also noted that the majority of XRP customers live outside the US and that it would continue to use and support its products in the rest of the world.
However, this seems to have done little to reassure investors as XRP price fell an additional 10% to $ 0.20 in the last 24 hours.
XRP rode high ahead of the SEC lawsuit announcement, hitting an annual high of $ 0.67 in late November.
With 70% of that value wiped out, analysts are wondering if this is lawsuit could be a final death knell for XRP.