Coinbase, the most important core exchange that will determine Ripple's future direction and fate, has finally announced the end of trading support for Ripple (XRP) .
As a result, Ripple disappeared from Coinbase Exchange as of 10:00 PST on January 19, 2021. Since Ripple was listed on Coinbase on March 1, 2019, it wasn't two years after listing, so we have taken the steps to end transaction support.
Coinbase's Chief Legal Officer (CLO) Paul Grewal said Coinbase is committed to becoming the most reliable platform for cryptocurrency trading, and all assets tradable on Coinbase are open financed through security and compliance. Emphasizing that it must be consistent with Coinbase's mission to create the system, and based on the U.S. Securities and Exchange Commission's recent action against Ripple Labs, Inc, it was decided that it would make sense to stop trading XRP . It was announced that it was off.
In fact, the SEC's lawsuits and complaints against Ripple Labs have been predicted for quite a long time, so it would not be surprising to those who have been in the cryptocurrency ecosystem for a long time.
However, the suspension of XRP's coinbase transaction is due to whether the coins appearing in the cryptocurrency version that was like a wasteland of regulations actually followed the SEC regulations, and whether there was a legal review from a third party specialized agency regarding legal risks It will be the starting point for successively ascending the judges.
When the Korean exchange announces the delisting or the end of transaction support, it is often referred to as "delisting beam" and the price of the coin increases rapidly before the end of the transaction. There were a lot of people... In the case of Ripple, it is different from the japalts that have been delisted because they haven't been developed in the past.