Binance.U.s., the American branch of the global crypto exchange, and crypto-friendly nugget trading service eToro are the latest platforms to suspend XRP trading in the Us.

Announcing the news on Thursday, eToro revealed that U.S. customers will not be able to trade XRP starting January. 3, 2021. Customers with existing trades at the time volition have iii weeks from that date to shut all open positions, the platform added in its statement.

For Binance.US, the effective date of its XRP delisting is Jan. 13, 2021. Still, the delisting will not affect the claim process for Flare'due south Spark (FLR) token airdrop distribution effect.

Binance.Us and eToro now join the likes of Coinbase and Bittrex every bit major exchanges to halt XRP trading for American traders. Coinbase is too the subject of a lawsuit from a disgruntled trader accusing the platform of knowingly selling XRP as an unlicensed security to its users.

These actions take come in the wake of the enforcement activity by the Securities and Exchange Committee against Ripple. The SEC is suing Ripple for violating securities laws in its sale of XRP tokens.

Bated from exchanges delisting or suspending XRP trading, U.South.-based investment firms with XRP positions have also liquidated their holdings. Digital-asset manager Grayscale recently dumped almost $5.77 1000000 worth of XRP tokens post-obit the SEC lawsuit. Earlier in December, Bitwise Asset Management sold off all its XRP, removing the token from its Bitwise 10 Crypto Index Fund.

Meanwhile, Ripple said it plans to fight back confronting the SEC'southward accusations, urging investors not to accept the committee's stance on the matter. A virtual pretrial has already been set for Feb. 2021.