Kraken Halts XRP Trading; DOT Replaces the Digital Asset as 4th Largest Crypto Asset


Cryptocurrency exchange Kraken has become the latest platform to halt XRP trading for US residents from January 30, 2021, at 1:00 UTC due to SEC filing against Ripple Labs. For those users residing in other countries, XRP markets will continue to operate uninterrupted.

US residents with open XRP spot positions on the margin on Kraken are also required to satisfy their margin obligation by January 28, 2021, at 11:59 pm PT, or their positions will be liquidated.

While US residents won’t be able to trade XRP, these users will still be able to deposit, hold, and withdraw XRP on the exchange. Also, this will not affect Spark token airdrop.

As the list of crypto outlets suspending XRP trading for US users continues to get bigger, the digital asset continues to lose its value.

Among the top 100 crypto assets, XRP is not only the one with over 50% losses in the last 30 days but is also among a handful of cryptocurrencies that are experiencing a downtrend.

Since Bitcoin took to ranging this week after the pullback, altcoins are using this opportunity to rally and DeFi tokens have simply exploded so much that Polkadot (DOT) has replaced XRP as the fourth largest cryptocurrency by a market cap of $14.48 billion XRP -4.58% XRP / USD XRPUSD $ 0.71
-$0.03-4.58%
Volume 1.49 b Change -$0.03 Open $0.71 Circulating 47.66 b Market Cap 33.79 b
4 w Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 mon SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 1 mon Ledger Announces Integration with FTX and Coinbase, Launching Crypto Life Debit Card
. Polkadot has been enjoying an uptrend lately, hitting an all-time high at $18.30 in the process DOT -6.83% Polkadot / USD DOTUSD $ 22.83
-$1.56-6.83%
Volume 1.04 b Change -$1.56 Open $22.83 Circulating 987.58 m Market Cap 22.55 b
4 w Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 mon SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 1 mon Solana Unaffected by Price Jitters while Bitcoin, Ether, Polkadot, and Cardano Post Outflows
.

XRP is currently trading at $0.289 with a market capitalization of $13 billion.

On data provider Messari, even Cardano ADA -8.09% Cardano / USD ADAUSD $ 1.24
-$0.10-8.09%
Volume 1.8 b Change -$0.10 Open $1.24 Circulating 33.54 b Market Cap 41.64 b
3 w Bitcoin Is Back Above $51k and Ether $4,100 as The Cryptocurrency Market Goes Green 4 w Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 mon Solana (SOL) Bucks the Trend, Along With Tron (TRX), by Recording Highest Inflows After Bitcoin (BTC): Report
has jumped above XRP at the 5th spot with Liteocin LTC -9.07% Litecoin / USD LTCUSD $ 125.92
-$11.42-9.07%
Volume 796.25 m Change -$11.42 Open $125.92 Circulating 69.46 m Market Cap 8.75 b
4 w Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 mon SBI Holdings to Launch Japan’s First Crypto Fund; Including BTC, ETH, DOT, LINK, LTC, XRP & BCH 1 mon Ledger Announces Integration with FTX and Coinbase, Launching Crypto Life Debit Card
ready to take even the 6th spot from XRP.

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