The San Francisco-based cryptocurrency exchange Kraken is joining dozens of companies that are dropping support for XRP.
The exchange cites the SEC’s lawsuit against Ripple, which accuses the company of illegally selling XRP as an unregistered security, as the reason behind its decision to stop all trading of the crypto asset in the US.
We are monitoring the situation regarding the SEC’s filing and will adapt according to any new developments.”
Users will still be able to deposit, hold, and withdraw XRP on Kraken.
The exchange says it will still support the Spark token airdrop for XRP holders, which is set to happen sometime in the first half of this year.