Crypto firm B2C2 has stopped XRP trading with US counterparts. It was reported yesterday that the London-based company confirmed that it would stop providing its US clients with XRP.
B2C2 is an enormous trading company that aids brokerages, exchanges, and fund managers to create cryptocurrency transactions.
B2C2 is the most recent company to stay away from XRP, the fourth-largest cryptocurrency by market cap, ever since the company connected with the asset, Ripple Labs, got filed with a $1.3B lawsuit.
The US SEC filed a lawsuit against the company, declaring that it had raised $1.3B in unregistered securities offerings since 2013.
Since the lawsuit, the XRP has suffered: its price sunk; its market dominance dipped, and many exchanges don’t want anything to do with the asset anymore. Bitstamp is the most significant exchange to distance itself from XRP; it announced last time that US customers wouldn’t be able to trade the currency.
According to CoinMarketCap, XRP’s price was trading at $0.289651, a fall of 5.27% in the last 24 hours.
XRP is a centralized cryptocurrency aimed to help banks move money quickly and cheaply.
Ripple Labs backs the technology. It contradicts the allegation that it raised money unreasonably.
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