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October 4, 2022
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Binance US will also suspend negotiations with XRP

According official statementl done today (31/12), on the Exchange Binance US website, they will suspend negotiations with the Ripple Token, XRP.

But it is being a little more rigid, as some Exchange will allow customers to continue sending the token to their wallets, unlike Binance US.

From Wednesday, January 13, 2021 at 10am EST, XRP will be removed from Binance.US. Trading and XRP deposits will be suspended.

Continued:

Binance.US users will not be able to deposit XRP from January 13, 2021 at 10am EST. XRP withdrawals will not be affected at this time. Note: XRP withdrawals require a tag / memo. click here to know more. If you recently purchased XRP with funds deposited via ACH / Debit Card, your funds will be available for withdrawal after the end of the retention period. click here for more information.

You may be wondering, and what will the launch of Token Spark (FRL) look like?

Keep calm and breathe, as the measures taken by Binance US will not affect users to claim their distribution of the tokens that will be launched in 2021, and Exchange also informs that more details will be made available on the official website of Binance.US

How are Brazilian exchanges behaving in the face of the Ripple process?

Brazilian exchanges are going against foreign exchanges, they are waiting for the verdict of the process to take more vigorous measures against the XRP token negotiations, we believe they are positioning themselves in this way because it is a process in the USA.

What are the Brazilian brokerage firms that have commented on the case:

According to information obtained Bitcoin Portal the brokers that spoke were:

Bitcoin Market – Based in São Paulo, it is following the case closely, but a priori will not suspend negotiations;

Braziliex – Also based in São Paulo, at first it will suspend, but made it clear that if the Securities and Exchange Commission (CVM) pronounces, stating that XRP is not a crypto, the exchange will suspend operations

Foxbit – Another exchange in São Paulo that will maintain negotiations until CVM pronounces, according to its statement:

What the SEC did was start a lawsuit and Ripple will defend itself. There are several possible endings to the action, such as the company being found not guilty, paying a fine or even making a deal.

Coinext – Exchange based in Minas Gerais, will continue to negotiate the token on its platform.

Now we have to wait and wait for the verdict of the SEC’s lawsuit against Ripple.

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