Kraken Halts XRP Trading; DOT Replaces the Digital Asset as 4th Largest Crypto Asset

Kraken Halts XRP Trading; DOT Replaces the Digital Asset as 4th Largest Crypto Asset

Cryptocurrency exchange Kraken has become the latest platform to halt XRP trading for US residents from January 30, 2021, at 1:00 UTC due to SEC filing against Ripple Labs. For those users residing in other countries, XRP markets will continue to operate uninterrupted.

US residents with open XRP spot positions on the margin on Kraken are also required to satisfy their margin obligation by January 28, 2021, at 11:59 pm PT, or their positions will be liquidated.

While US residents won’t be able to trade XRP, these users will still be able to deposit, hold, and withdraw XRP on the exchange. Also, this will not affect Spark token airdrop.

As the list of crypto outlets suspending XRP trading for US users continues to get bigger, the digital asset continues to lose its value.

Among the top 100 crypto assets, XRP is not only the one with over 50% losses in the last 30 days but is also among a handful of cryptocurrencies that are experiencing a downtrend.

Since Bitcoin took to ranging this week after the pullback, altcoins are using this opportunity to rally and DeFi tokens have simply exploded so much that Polkadot (DOT) has replaced XRP as the fourth largest cryptocurrency by a market cap of $14.48 billion XRP 0.78% XRP / USD XRPUSD $ 0.28
$0.000.78%
Volume 4.09 b Change $0.00 Open $0.28 Circulating 45.4 b Market Cap 12.72 b
8 h Kraken Halts XRP Trading; DOT Replaces the Digital Asset as 4th Largest Crypto Asset 1 d Ripple to Hire Managing Director For RippleNet Payment Network in Europe 2 d Grayscale Investments Buys 2,170 BTC, No ETH Yet While Dissolving XRP Trust Altogether
. Polkadot has been enjoying an uptrend lately, hitting an all-time high at $18.30 in the process DOT 38.25% Polkadot / USD DOTUSD $ 18.16
$6.9538.25%
Volume 8.76 b Change $6.95 Open $18.16 Circulating 900.81 m Market Cap 16.36 b
8 h Kraken Halts XRP Trading; DOT Replaces the Digital Asset as 4th Largest Crypto Asset 1 d Fireblocks Introduces Crypto Staking for Institutional Investors; Ethereum, Tezos and Polkadot 1 d 150-Year Old Insurance Company, Metlife, Talks About The New Kids On The Block; The ‘Altcoin Revolution’
.

XRP is currently trading at $0.289 with a market capitalization of $13 billion.

On data provider Messari, even Cardano ADA 14.96% Cardano / USD ADAUSD $ 0.35
$0.0514.96%
Volume 4.39 b Change $0.05 Open $0.35 Circulating 31.11 b Market Cap 10.75 b
8 h Kraken Halts XRP Trading; DOT Replaces the Digital Asset as 4th Largest Crypto Asset 1 d 150-Year Old Insurance Company, Metlife, Talks About The New Kids On The Block; The ‘Altcoin Revolution’ 5 d Cardano (ADA) Passes Polkadot (DOT) As Largest Cryptocurrency Staking Network
has jumped above XRP at the 5th spot with Liteocin LTC 2.35% Litecoin / USD LTCUSD $ 143.53
$3.372.35%
Volume 7.13 b Change $3.37 Open $143.53 Circulating 66.29 m Market Cap 9.52 b
8 h Kraken Halts XRP Trading; DOT Replaces the Digital Asset as 4th Largest Crypto Asset 1 d 150-Year Old Insurance Company, Metlife, Talks About The New Kids On The Block; The ‘Altcoin Revolution’ 4 d Grayscale Reopens Deposits for New Investors In Its Crypto Trusts; Excludes Ethereum & XRP
ready to take even the 6th spot from XRP.

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Author: AnTy

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