Binance.US, the US arm of the global crypto exchange, and crypto-friendly asset trading eToro are the latest platforms to be shelved XRP trade in the United States.
Announcing the news on Thursday, eToro disclosed that US customers will not be able to trade XRP from January 3, 2021. Customers with currently existing trades have three weeks from that date to close all open positions, the platform added in its statement.
For Binance.US, the effective date of its XRP deletion is January 13, 2021. However, the delisting will not affect the claim process for Flare’s Spark (FLR) token airdrop distribution event.
Binance.US and eToro are now joining the likes of Coinbase and Bittrex as important exchanges to stop XRP trading for US traders. Coinbase is also the subject of a lawsuit from a disgruntled merchant who accuses the platform of knowingly selling XRP as an unlicensed security to its users.
These actions are the result of the Securities and Exchange Commission’s enforcement actions against Ripple. The SEC is suing Ripple for violating securities laws in the sale of XRP tokens.
Aside from scrapping or suspending exchanges from XRP trading, US-based investment firms with XRP positions have also liquidated their holdings. Digital asset manager Grayscale recently has dumped about $ 5.77 million worth of XRP tokens after the SEC lawsuit. Earlier in December Bitwise Asset Management has already sold its XRP, remove the token from its Bitwise 10 Crypto Index Fund.