Coinbase, the number one U.S. exchange, suspended XRP trading at 6:30 PM UTC. The move — which was prompted by the SEC lawsuit against Ripple — was initially announced on Dec. 29.
Yuri MolchanXRP has lost over three percent shortly after Coinbase halted trading, dipping below the psychologically important $0.30 level.
According to Messari data, Coinbase Pro is the third-largest exchange in terms of daily XRP trading volume.
Rivaling exchange Kraken is also set to abandon XRP on Jan. 29.
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Godfrey Benjamin
Dan Burgin
Vladislav Sopov