Why is XRP not supported for purchase on crypto.com?

3 answers

• Dec 26, 2021 · 3 years ago
  Crypto.com does not support the purchase of XRP due to regulatory concerns. As a global cryptocurrency exchange, crypto.com must comply with the regulations of the jurisdictions it operates in. XRP is currently facing legal challenges from the U.S. Securities and Exchange Commission (SEC), which has raised concerns about its classification as a security. Until the regulatory situation surrounding XRP is resolved, crypto.com has decided not to offer it for purchase to protect its users and ensure compliance with regulations.
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• Dec 26, 2021 · 3 years ago
  The decision to not support the purchase of XRP on crypto.com is based on the ongoing legal issues surrounding the cryptocurrency. XRP is currently facing a lawsuit from the SEC, which alleges that it is an unregistered security. This legal uncertainty has led crypto.com to err on the side of caution and temporarily suspend XRP trading. By doing so, crypto.com aims to protect its users and maintain a compliant and secure trading environment.
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• Dec 26, 2021 · 3 years ago
  As an independent third party, I can provide some insights into why XRP is not supported for purchase on crypto.com. The main reason is the ongoing legal battle between Ripple Labs, the company behind XRP, and the SEC. The SEC has filed a lawsuit against Ripple Labs, alleging that XRP is an unregistered security. Due to this legal uncertainty, many exchanges, including crypto.com, have decided to halt XRP trading until the situation is resolved. This is to protect both the exchange and its users from any potential legal repercussions.
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