Japanese
Messaging Giant LINE’s Crypto Exchange to Drop XRP Trading Pairs
BitBox, one of the
cryptocurrency exchanges operated by Japanese messaging giant LINE, is
delisting the third-largest cryptocurrency by market capitalization, XRP. The
motive for the move is unclear, although BitBox noted in its announcement
that it delists cryptoassets when they don’t meet certain standards.
The cryptocurrency exchange’s
announcement reads:
“If a coin does not meet our standards
based on its performance, reliability, liquidity, or law and regulatory
requirements, it will be delisted from our exchange. To protect your assets
and interests, we provide sufficient notice before delisting.”
XRP trading pairs and deposits
are set to be dropped on January 16, but users will have until February 16 to
withdraw their XRP holdings.
