Crypto trading firm B2C2 has stopped XRP trading with US counterparties, according to reports.
Crypto news outlet The Block yesterday reported that the London-based company confirmed it would stop providing its US clients with XRP.
Decrypt has reached out to the firm to confirm the news. B2C2 is a large trading company that helps brokerages, exchanges and fund managers make cryptocurrency transactions.
An array of niche cryptocurrencies have collapsed in price following the news that Ripple is embroiled in a regulatory battle with the SEC over XRP.
Cryptocurrencies other than Bitcoin are typically referred to as "alt coins," and many of these assets are susceptible to being pulled up or down by major market movements. XRP's price got cut in half following the SEC's announcement of action against Ripple, and many other alt coins are feeling the burn, too.
Take HEDG, the coin that powers Hedge...
B2C2 is the latest company to distance itself from XRP, the fourth-largest cryptocurrency by market cap, since the company associated with the asset, Ripple Labs, got hit with a $1.3 billion lawsuit.
The US Securities and Exchange Commission (SEC) on Tuesday filed a lawsuit against the company, alleging that it had raised $1.3 billion in unregistered securities offerings since 2013.
SEC charges Ripple and two executives with conducting $1.3 billion unregistered securities offering https://t.co/3VP23RpSyV
Since then, XRP has suffered: its price has sunk; its market dominance has dipped; and a number of exchanges don’t want anything to do with the asset. Bitstamp is by far the biggest exchange to distance itself from XRP—on Friday it announced US customers would not be able to trade the currency.
At the time of writing, XRP’s price was trading at $0.289651, a fall of 5.27% in 24 hours, according to CoinMarketCap.
Eric Trump, the son of President Donald Trump, said that it was “woke cancel culture” coming after his family that led him to embrace crypto—with the Trumps making many moves in the space in recent months.
The Trump Organization's executive vice president claimed that the “some of the biggest banks in the world” canceled his accounts with them—as well as accounts for other family members—at the tail end of President Trump’s first term.
He believes this happened as a result of the “woke cancel cu...
Strategy, formerly known as MicroStrategy, reported a decline of $16.49 per common share in the first quarter of 2025—a result of Bitcoin’s price plunge during the span, the leading Bitcoin treasury firm announced Thursday after equity markets closed.
The Tysons Corner, Virginia-based company recorded a loss of $5.9 billion on its Bitcoin holdings for the period.
Strategy said that it would issue a new $21 billion common stock equity offering, with co-founder and Executive Chairman Michael Saylo...
Investment firm dao5 has raised $222 million to close out its second fund, with an aim to nurture institutional interest in cryptocurrencies.
The multi-strategy investment vehicle brings dao5's total assets under management to roughly $550 million, according to the firm's announcement on Thursday.
“Crypto is entering its adolescence phase,” dao5 founder and general partner Tekin Salimi said Thursday in a statement. “The industry’s dependency on pure speculation as the driver of growth is no long...