b2c2-becomes-latest-crypto-market-maker-to-stop-xrp-trading:-report

B2C2 Becomes Latest Crypto Market-Maker to Stop XRP Trading: Report

Max Boonen, CEO of market maker B2C2
(CoinDesk archives)

B2C2 Becomes Most in style Crypto Market-Maker to End XRP Trading: File

Cryptocurrency market-maker B2C2 halted the trading of XRP with U.S.-essentially based counterparties, efficient this past Thursday, following the U.S. Securities and Alternate Rate’s lawsuit against Ripple Labs, essentially based on a utter in The Block.

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  • Non-U.S. purchasers can quiet alternate the token however opt to pre-fund all instant trades, essentially based on The Block utter, which cited no sources
  • B2C2’s transfer comes as cryptocurrency exchanges Beaxy, Bitstamp, OSL and CrossTower accumulate acknowledged they had been halting XRP trading, as neatly as market-makers Galaxy Digital and Jump Trading, which both stopped XRP market-making.
  • In accordance to a lawsuit filed Tuesday, Ripple raised $1.3 billion over a seven-twelve months interval to retail merchants via its sale of XRP on an ongoing basis.  If the SEC prevails, XRP would possibly presumably maybe well furthermore change into a pariah token as platforms that continued to list the crypto would possibly presumably maybe well furthermore opt to register as securities exchanges.

UPDATED 12/27/20 at UTC 0101: Provides that OSL and CrossTower accumulate also suspended trading.

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