Why did XRP stop trading?

We understand that this decision may cause inconvenience to some of our users. However, we prioritize compliance with legal and regulatory requirements to ensure the stability and security of our platform. We encourage all traders to stay informed about the latest developments in the crypto space and to make informed decisions regarding their investments.

BTCC, as a top cryptocurrency exchange, offers a wide range of services to cater to the needs of traders. Our platform supports spot trading, futures trading, and wallet services, among others. We strive to provide a seamless and secure trading experience for our users, while adhering to the highest standards of regulatory compliance.

In response to the SEC's legal action against Ripple Labs, Inc., we have taken the necessary steps to ensure compliance with regulatory requirements. This involves suspending the trading of XRP pairs on our platform. The move is a precautionary measure to avoid any potential legal issues that may arise from continuing to facilitate XRP trading amidst the ongoing lawsuit.

Despite the suspension of XRP trading pairs, we remain committed to offering a diverse range of cryptocurrencies and trading pairs on our platform. Our team is constantly working to add new features and improve our services to meet the evolving needs of the crypto community.

The suspension of XRP trading pairs will be implemented in a phased manner. Initially, trading will be restricted to limit orders only, starting from December 28, 2020, at 2:30 PM PST. This change aims to provide traders with a transition period to adjust their positions and manage their risk exposure.