According to a 6 January post from BitBox, the exchange will be delisting XRP and its trading pairs from its platform. The popular crypto asset will be delisted at midnight on 16 January, together with its Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) trading pairs.
The exchange stated in the post:
“Starting at 23:59:59 (UTC) on January 16, 2020, delisted coin and pairs will no longer be available for deposits and trades, and all unfilled orders affected by the delisting will be canceled automatically. To ensure the safety of your assets, we recommend you cancel all orders manually before the mentioned coin is delisted.”
The exchange further said that customers will have 1 month after XRP is delisted from the platform to withdraw all of their cryptocurrency holdings. Even though the reasons behind the delisting remain unclear, the exchange did say that it keeps constant watch on all coins that are traded on it, and that:
“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.”
Announced in June 2018, the BitBox exchange has started facilitating cryptocurrency trading globally, with the exception of the U.S. and Japan. In September last year, the exchange was able to obtain a cryptocurrency exchange license in Japan, and expanded its operations as BitMax.