Zug-based Bitcoin Suisse and 21Shares Suspend XRP Trading

The list of XRP delistings continues to grow. 21Shares’ AXRP product, single asset ETP, meanwhile is still “trading as usual, under current 'normal' market conditions.”


Swiss-based crypto services provider Bitcoin Suisse is no longer supporting the XRP trading, for now.

The regulated company that allows to trade, stake, or borrow cryptocurrencies sent a note to its clients informing them of the temporary suspension of XRP trading. The company's message to its users reads,

“Due to the latest regulatory actions of the U.S. Securities and Exchange Commission against Ripple Labs, Inc., Bitcoin Suisse has decided to temporarily suspend trading of XRP through Bitcoin Suisse Online.”

While its users can no longer buy XRP, those who are currently holding the digital asset can sell it or withdraw it. The company is continuously reviewing whether XRP will be allowed to be bought again on the platform, said Bitcoin Suisse.

Another Swiss-based company that has removed XRP is crypto asset manager 21Shares, formerly known as Amun.

21Shares has removed the crypto asset from its exchange-traded products (ETPs) including Crypto Basket Index ETP (“HODL”) and Bitwise Select 10 ETP (“KEYS”).

The company is “constantly monitoring the situation regarding XRP,” reads the message to the clients using their services.

Meanwhile, 21Shares’ AXRP product, the single asset ETP tracking the underlying asset XRP is still “trading as usual, under current ‘normal' market conditions and tracking the price of XRP.”

The company, however, is reviewing the development for any liquidity issues. XRP is currently trading at $0.296 with $1.06 billion in ‘real’ trading volume, as per Messari.

The list of platforms that have severed their ties with XRP ever since the US SEC sued Ripple and its two top executives for the alleged illegal sale of unregistered securities involves Bitstamp, OSL, Beaxy, CrossTower, Jump Trading, Galaxy, B2C2, Bitwise Asset Managers, and payment processor Simplex.

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