Cryptocurrency exchange Coinbase Inc claimed on Monday it would certainly put on hold trading in cryptocurrency XRP after U.S. regulatory authorities last week charged connected blockchain company Ripple with performing a $1.3 billion unregistered securities offering.
The move by San Francisco-based Coinbase comes as the company is planning for a stock exchange listing and also has confidentially used with the UNITED STATE Stocks and also Exchange Commission to go public. It would be the initial significant U.S. crypto exchange to list on the securities market.
Coinbase said trading in XRP relocated into limitation only from 2:30 p.m. Pacific time on Monday, and also would certainly be fully put on hold on Jan. 19 at 10 a.m
. The SEC has billed two Ripple executives for individual gains they got from the offering.
Founded in 2012, Coinbase is just one of one of the most popular cryptocurrency systems around the world as well as has more than 35 million customers in more than 100 countries.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.