Popular wallet provider and crypto trading platform Blockchain.com has announced it volition be delisting XRP and suspending its trading next week, post-obit in the steps of Coinbase, Binance.U.s.a., OKCoin and others.

Although as of press fourth dimension on Wednesday Blockchain.com'southward information on supported crypto assets continues to feature XRP, a weblog post published on Monday informed users that:

"Blockchain.com will halt XRP trading showtime Thursday, Jan 14th at eleven:59pm GMT. For all customers who have XRP balances, you volition continue to accept access to your XRP to send afterward we halt trading, merely we will no longer support receiving more XRP in the Exchange."

XRP's delisting on multiple platforms is due to an anticipated yet controversial move by the United states of america Securities and Substitution Commission in belatedly December 2020 to initiate a lawsuit against Ripple, CEO Brad Garlinghouse and co-founder Christian Larsen for alleged violations of U.S. securities laws.

Without explicitly referencing the SEC'due south lawsuit, Blockchain.com's delisting announcement alluded to the exchange's monitoring of "developments as they unfold — everything from network security to regulatory compliance and more" as an integral function of its decision-making process when it comes to including or revoking the trading of avails on its substitution and wallet services.

News of all the same some other delisting for XRP follows shortly later on reports of another lawsuit, this 1 filed by one of the atomic number 82 investors in Ripple's 2019 $200 meg Serial C funding circular, the investment company Tetragon.

Blockchain.com has not announced a date, provisional or otherwise, for the possible future resumption of XRP support. Exchanges that take responded to the SEC's activity take either called to delist XRP entirely or to at least suspend its trading until further notice. Coinbase, for case, volition continue to support XRP as part of its wallet and custodial services, and some have reserved restrictions to U.S. users alone. In parallel to these developments, Grayscale Investments appears to take ended subscriptions for its XRP Trust.

The case against Ripple, Garlinghouse and Larsen is scheduled for a virtual pretrial conference in Feb. XRP has now lost its position equally the fourth-largest cryptocurrency by market capitalization and is currently trading at $0.23, down close to 60% on the month.