EToro USA Becomes Latest Exchange to Suspend XRP Trading
The U.S. division of eToro is suspending XRP trading after an SEC suit against Ripple Labs alleges the token is a security.
The exchange quizzed 25 institutional players about crypto investing, including a couple of pension funds.
The company cited issues relating to poor liquidity in the face of heightened demand.
Even after a price plunge of more than $10,000 over the past couple days, analysts see further selling ahead.
Traders in Europe are threatening legal action against eToro for allegedly closing their leveraged crypto positions without enough notice.
The platform, which mainly caters to "social" or beginner traders, raised its required deposit level to $1,000 from $200.