OTC platform B2C2 has joined the list of organizations that have stopped trading in XRP token for US clients. Writes about this The Block.
Targeted at institutional traders, the UK platform is one of the largest market makers in the cryptocurrency industry. The company operates in the United States through the B2C2 USA division, launched in 2019.
The platform stopped trading XRP for US residents last Thursday, shortly before that, demanding voice confirmation when closing positions.
Clients from other countries are still able to trade the token, but they need to secure short positions in advance.
Earlier this week, cryptocurrency bank Galaxy Digital and Chicago-based Jump Trading ended XRP support. Also, the decision to close the ability to trade tokens for American users was made by the Bitstamp exchange.
Recall that on December 23, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple, the CEO of Brad Garlinghouse and its co-founder Chris Larsen. According to the department, for seven years the company has been selling unregistered securities in the form of tokens and has raised $ 1.3 billion during this period.
Commenting on the proceedings, Garlinghouse noted that the SEC lawsuit could turn into trouble for other cryptocurrency companies and digital assets.
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