Starting from Jan. 3, its customers will no longer be able to purchase the cryptocurrency on the platform and convert it into other assets. eToro, a cryptocurrency brokerage firm which is based in Israel, is going to suspend the trading of XRP for the customers residing in the United States. With the suspension of the trading of XRP, it will join the extensive list of other digital currency exchanges that have already halted trading support for the native ⦠On the Go Trading. The program has previously had success utilizing Rippleâs native token to conduct future transactions in Japan. Retail FX and CFDs broker eToro has announced that it will suspend XRP trading in the US, beginning January 3. However, late in February, FXcoin revealed that it also had success sending XRP overseas to Singapore to settle future transactions, a new milestone for the crypto startup and the Sumitomo Group.. ⦠Trade XRP on your desktop, mobile and tablet using eToro's custom designed trading platform. Sure, there have been some mild growing pains, but this is still a big deal. Customers of the company in the USA will not be able to trade with XRP after January 3, and will not be able to convert their assets on the platform to XRP ⦠To claim Spark tokens, the easiest way possible is by keeping XRP stored on any of the cryptocurrency exchanges that support the Flare Network airdrop. EToroâs customers in the US will not be able to transact with XRP as of January 3. In December, the Ripple-backed crypto startup Flare executed a snapshot of participating XRP holders and distributed its Spark (FLR) token to them at a rate of 1.0073 Spark per XRP ⦠The exchange will suspend trading of the coin on January 3 for US users. EToro has suspended trading for XPR due to the lawsuit against Ripple Labs. eToro Joins The List Of XRP Suspending Exchanges. The social trading focused broker stated that given the U.S. Securities and Exchange Commissionâs (SEC) recent lawsuit against Ripple Labs, Inc., eToro USA has decided to prohibit purchases of XRP on the eToro platform and to prohibit any conversion of XRP ⦠Follow the markets and manage your portfolio wherever you go. These include Binance, Bithumb, Bitfinex, eToro, Crypto.com, FTX, Huobi, Kraken, OKEX, KuCoin, and even straggler Coinbase, which users feared would miss the cut off. Founded in 2006 in Israel, eToro is a popular social trading and multi-asset brokerage company that also support various cryptocurrency pairs. If eToro Europe goes bust, Cyprus will be accountable," concluded Toplak. However, the company has decided to remove Rippleâs native cryptocurrency, XRP, from its services to customers based ⦠Founded in 2007, eToro restricted XRP transactions following a SECâs lawsuit against Ripple. More than half of eToro's global user base has invested in XRP, Ripple's native digital asset, according to a new report. ____ Learn more: Crypto Exchanges to Spend 2021 Focusing on DeFi, UX, and New Services Coinbase to Face Class Action Suit over XRP Listing Chaotic QuadrigaCXâs Finances Might Leave Traders Almost Out Of Pocket Crypto Exchange Bithumb âNot Liableâ ⦠eToro is the latest exchange to suspend trading for XRP after the US Securities and Exchange Commission filed a lawsuit against its creators last week. Israel-based multi-asset brokerage firm eToro has announced that it will discontinue its support for XRP trading in the U.S. This means that US residents will no longer purchase, convert, or sell XRP on the platform beginning January 3rd. eToro is also known in the crypto community for its Cryptocurrency CopyPortfolio , which holds 87.62% bitcoin and 12.38% Ethereum. Secondly and earlier today, the team at eToro announced that XRP trading for their US customers will be halted on January 3rd at 12 pm Eastern Standard Time. Image: Shutterstock. Receive the latest XRP updates from key financial news sources and trading insight reports from eToro's XRP market analysis team. A little-known second airdrop is on its way to holders of XRP who are already set to receive the highly anticipated Spark token airdrop from Flare Networks. eToro to Suspend XRP Trading in the US. Ultimately, this is still very good news for the crypto community that users can purchase XRP easily using eToro.
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