Following the news of the SEC's lawsuit against Ripple causing the XRP price to plummet, most crypto exchange platforms began delisting the altcoin assets to avoid any future adverse implications.
Here are the platforms involved:
Bitwise Assets Management
The firm reportedly liquidated all XRPs in the Crypto Index Fund and channeled it to other asset portfolios.
CrossTower
It is the first exchange to list XRP and at the same time give its users the opportunity to withdraw the asset.
OSL
The platform restricts all transactions involving XRP including trading and payment services until the case is completed.
Beaxy
Like CrossTower, Beaxy has unlisted XRP and it is expected that transactions involving XRP will resume once the issue is resolved.
Former Coinbase legal adviser Hailey Lennon previously tweeted that if XRP was a security, every exchange platform listing XRP would take its risk.
Clearly, there are 10 exchange firms that are not registered with the SEC but are paid by Ripple Labs, Inc. exposed to greater risk.
Maybe after this there will be more exchange platforms acting just like them for a longer guarantee.
Only time determines.
