Can you explain why XRP cannot be bought on crypto.com?

3 answers

• Jan 02, 2022 · 3 years ago
  Unfortunately, XRP is not available for purchase on crypto.com due to regulatory concerns. The Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple Labs, the company behind XRP, alleging that XRP is an unregistered security. As a result, many exchanges, including crypto.com, have decided to suspend trading and deposits of XRP until the lawsuit is resolved. This is to ensure compliance with regulatory requirements and protect their users from potential legal risks.
  491246
• Jan 02, 2022 · 3 years ago
  crypto.com does not support XRP trading at the moment. The decision to exclude XRP from their platform may be due to various reasons, such as concerns over the ongoing legal battle between Ripple Labs and the SEC. It is important for exchanges to prioritize regulatory compliance and protect their users' interests. Therefore, until there is more clarity on the legal status of XRP, it is unlikely that crypto.com will offer XRP trading.
  437146
• Jan 02, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that XRP is currently facing regulatory challenges, which is why crypto.com has decided not to support XRP trading. The SEC's lawsuit against Ripple Labs has created uncertainty around the legal status of XRP, and many exchanges are being cautious to avoid any potential legal repercussions. It's important for exchanges to prioritize the safety and compliance of their platforms, which is why crypto.com has temporarily suspended XRP trading until there is more clarity on the regulatory front.
  555139