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OKCoin to Suspend XRP Trading and Deposits on January 4

OKCoin to Suspend XRP Trading and Deposits on January 4

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OKCoin said it will certainly suspend XRP trading and deposits on its crypto exchange, efficient on January 4, 2021, according to its declaration on Monday mid-day.

The exchange defined 2 crucial days along the suspension timeline. “At 3 a.m. UTC time on January 4, the exchange’s users who have borrowed from the XRP/USD margin pair (incl. Borrowing XRP and USD) are required to return the borrowed value before this time at 3 a.m. UTC time on January 4,” the exchange claimed. “Delays will trigger a liquidation by our systems to close the loan contracts.”

At 3 a.m. UTC on January 5, XRP’s area trading, margin trading, and deposits will certainly be put on hold up until more notification, according to the exchange.

“It is likely that this situation will take time to reach a resolution. We will proactively inform our customers when we have information that may change our position,” OKCoin claimed in the declaration.

This tale is establishing and will certainly be upgraded.

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