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PayBito Halts Trading of XRP in Light of the Recent Action of Securities and Exchange Commission
PayBito Halts Trading of XRP in Light of the Recent Action of Securities and Exchange Commission
PALO ALTO, Calif., Feb. 18, 2021 /PRNewswire-PRWeb/ Global trading platform and cryptocurrency exchange PayBito temporarily halts its XRP trading feature in light of the SEC s latest action against Ripple Labs, Inc. Due to a lawsuit filed by the US Securities and Exchange Commission (SEC), PayBito has made the choice to suspend its XRP trading pairs on the platform.
The trading suspension of the crypto exchange is not going to affect the user s access to the XRP wallet. XRP wallets will still remain available, thereby aiding users to send out XRP to other exchanges. PayBito is likely to monitor legal developments associated with XRP and update users accordingly as more information unwraps.