XRP To Be Delisted From Japanese Managed Crypto Exchange, BitBox
BitBox is delisting XRP, the third-largest cryptocurrency by market capitalization. The exchange is operated by Japanese messaging giant LINE,
Per the trading platform’s announcement, it will be dropping trading pairs that see XRP trade against bitcoin, ether, and Tether’s USDT stablecoin. The cryptocurrency is set to be delisted on January 16th.
The cryptocurrency exchange platform did not give any reason for the move, but said it delists cryptoasset when they don’t meet certain standards. According to the announcement :
If a coin does not meet our standards based on its performance, reliability, liquidity, or law and regulatory requirements, it will be delisted from our exchange. To protect your assets and interests, we provide sufficient notice before delisting.
The platform’s users will have until February 16th, 2020 to withdraw their XRP holdings, and will no longer be able to trade and deposit from January 16th, 2020.
BitBox is one of two cryptocurrency exchanges operated by LINE. It was launched in July 2018 and helps the firm serve its 80 million users.