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Bitstamp to Halt XRP Trading, Deposits in US Due to SEC Lawsuit

Bitstamp is the first major U.S.-based crypto exchange to respond to the SEC lawsuit against Ripple.

Dec 25, 2020 at 4:40 p.m. UTC
Updated Sep 14, 2021 at 10:48 a.m. UTC

Cryptocurrency exchange Bitstamp said it's halting XRP trading and deposits for all U.S. customers on Jan. 8, 2021, because of the U.S. Securities and Exchange Commission's recent filing against Ripple Labs, alleging XRP is a security.

  • U.S. customers will be able to withdraw their XRP even after trading is halted, Bitstamp said.
  • Other countries are not affected, Bitstamp said.
  • Bitstamp is the first major cryptocurrency exchange to take action on XRP in response to the SEC's lawsuit against Ripple.

Read our ongoing coverage of the SEC's case against Ripple and its impact on the industry.

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