to Stop XRP Trading Tonight

UPDATE: [1/7/21 1:23 PM EST]: is halting XRP trading tonight, Jan. 7. instead of the previously planned date Jan. 14. is the latest cryptocurrency firm to pull the plug on XRP trading.

The crypto exchange and wallet provider will halt XRP trading at 11:59 PM GMT on Thursday. Previously, the delisting was slated for Jan 14. gave no explanation for the expedited timeline in a terse tweet issued just 6 hours before the trading deadline was set to take effect.

Users will be able to transfer their XRP outbound even after the trading deadline. When first announced it planned to halt XRP trading Tuesday, it also said new deposits would be rejected.

It was not clear at press time why expedited the trading closure, or why it is now doing so on such short notice. Representatives did not immediately respond to queries.

XRP has surged 40% in the last 24 hours, according to the CoinDesk 20.

Crypto exchanges have been dropping XRP support in droves following the U.S. Securities and Exchange Commission’s lawsuit against the cryptocurrency’s issuer, Ripple Labs.