Share this article
B2C2 Becomes Latest Crypto Market-Maker to Stop XRP Trading: Report
Non-U.S. clients can still trade the token but need to pre-fund all short trades, the report said.
Updated Sep 14, 2021, 10:48 a.m. Published Dec 26, 2020, 8:05 p.m.
Cryptocurrency market maker B2C2 halted the trading of XRP with U.S.-based counterparties, effective this past Thursday, following the U.S. Securities and Exchange Commission's lawsuit against Ripple Labs, according to a report in The Block.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Non-U.S. clients can still trade the token but need to pre-fund all short trades, according to The Block report, which cited no sources
- B2C2's move comes as cryptocurrency exchanges Beaxy, Bitstamp, OSL and CrossTower have said they were halting XRP trading, as well as market-makers Galaxy Digital and Jump Trading, which both stopped XRP market making.
- According to a lawsuit filed Tuesday, Ripple raised $1.3 billion over a seven-year period to retail investors through its sale of XRP on an ongoing basis. If the SEC prevails, XRP could become a pariah token as platforms that continued to list the crypto may have to register as securities exchanges.
UPDATE (Dec. 27, 1:01 UTC): Adds that OSL and CrossTower have also suspended XRP trading.
Read more: An SEC Victory in Ripple Case Would Render XRP ‘Untradeable,’ Market Pros Say
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Drops Below $90K Amid Fading Risk Appetite Ahead of Key Macro Events
Bitcoin hovered below $90,000 on Sunday as low liquidity, altcoin weakness and imminent U.S. and global data releases kept traders cautious.
What to know:
- Bitcoin slipped below $90,000 in low-liquidity Sunday trading.
- Ether showed relative strength while major altcoins lagged.
- Traders are positioning ahead of a busy week of U.S. data and central bank events.
Top Stories
