UPDATE: [1/7/21 1:23 PM EST]: Blockchain.com is halting XRP trading tonight, Jan. 7. instead of the previously planned date Jan. 14.
Blockchain.com is the latest cryptocurrency firm to pull the plug on XRP trading.
The crypto exchange and wallet provider will halt XRP trading at 11:59 PM GMT on Thursday. Previously, the delisting was slated for Jan 14. Blockchain.com gave no explanation for the expedited timeline in a terse tweet issued just 6 hours before the trading deadline was set to take effect.
Users will be able to transfer their XRP outbound even after the trading deadline. When Blockchain.com first announced it planned to halt XRP trading Tuesday, it also said new deposits would be rejected.
It was not clear at press time why Blockchain.com expedited the trading closure, or why it is now doing so on such short notice. Representatives did not immediately respond to queries.
XRP has surged 40% in the last 24 hours, according to the CoinDesk 20.
Crypto exchanges have been dropping XRP support in droves following the U.S. Securities and Exchange Commission's lawsuit against the cryptocurrency's issuer, Ripple Labs.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.