Phemex to Suspend Ripple XRP
Author: Nicolas Tang Date: December 31, 2020
Following the news of the SEC’s lawsuit against Ripple Labs, Inc. and the resulting actions by a number of other exchanges, we have decided to suspend XRP from next week.
What does this mean for Phemex users?
On January 4, 2021, at 3 AM UTC:
- Our XRPUSD perpetual contract will only support Reduce Only orders or the closing of positions.
On January 5, 2021, at 3 AM UTC:
- All XRPUSD positions will be closed based on Mark Price and all pending orders will be canceled. Contract trading will be suspended after this time.
- All XRP spot trading activities will be suspended.
What are your options?
- You will still have access to the XRP in your wallets and will be able to withdraw or deposit, but not trade.
Please try to close all of your spot and contract orders prior to our automatic suspension.
For the most up-to-date information please follow us on Twitter.
Please contact firstname.lastname@example.org if you have any further questions.
For any inquiries contact us at email@example.com
Trade crypto on the go: Download for iOS | Download for Android
Phemex | Break Through, Break Free