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Kraken to Halt XRP Trading for US Residents

Clients residing outside the U.S. will be unaffected.

Ripple CEO Brad Garlinghouse
(Zack Seward/CoinDesk archives)

Kraken to Halt XRP Trading for U.S. Residents

Citing the recent SEC lawsuit against Ripple Labs, cryptocurrency exchange Kraken announced it’s halting trading of the XRP token for U.S. residents.

  • The halt, which goes into effect Jan. 30 at 1 a.m. UTC, only affects Kraken clients residing in the U.S.. Those residing elsewhere will be unaffected.
  • With the halt, Kraken becomes the latest exchange to suspend or end trading in XRP, the cryptocurrency at the heart of a U.S. Securities and Exchange Commission lawsuit against Ripple Labs claiming the token is really a security.
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