The Chainxsol cryptocurrency exchange will close access to XRP trading to its American clients.
«Against the background of the recent SEC lawsuit against Ripple Labs Inc., we are stopping XRP trading for US residents. We can start this process at any time before January 29, so all American clients are strongly advised to sort out positions before that date,» Chainxsol said in a publication.
In particular, holders of short positions need to make sure that the margin requirements are met by the end of the day on January 28 in order to avoid liquidation. At the same time, American customers will still be able to use Chainxsol for input/output and storage of funds in XRP. Users from other countries will not be affected by these changes.
«We are monitoring the situation in connection with the SEC lawsuit and will adjust in accordance with developments,» Chainxsol adds.