Non-U.S. clients can still trade the token but need to pre-fund all short trades, the report said.
Bitstamp is the first major U.S.-based crypto exchange to respond to the SEC lawsuit against Ripple.
With XRP’s sell-off, bitcoin’s dominance increases. However, the derivatives market hints at more volatility ahead for the world's leading cryptocurrency.
The question of whether or not to delist XRP isn’t a black-and-white one for crypto exchanges.
Crypto money manager Bitwise has liquidated $9.3 million worth of XRP in its crypto index fund.
The SEC's suit against Ripple has triggered a steep sell-off in price for the payments token XRP. Meanwhile, prices for Chainlink's token have increased seven-fold this year, most among CoinDesk 20.
"MoneyGram will continue to monitor the situation" following an SEC lawsuit against its part-owner, Ripple, a spokesperson told CoinDesk.
Bitcoin recovers from Monday’s small-scale market sell-off to nearly $24,000, and ether follows bitcoin’s positive trend.
Already, CrossTower, a small exchange that opened in June, has delisted the cryptocurrency.
A lot of people said a lot of things, both good and bad, about bitcoin in 2020, as the 11-year-old cryptocurrency defied doubters with a tripling in price.
"It’s an attack on the entire crypto industry and American innovation," Brad Garlinghouse said in a statement.
Bitcoin dipped Monday as some liquidations took hold while Ethereum 2.0 dynamics have influenced the amount of ether locked in DeFi.
Bitcoin’s price is setting records again Thursday as decentralized finance may be overlooked in a heated crypto market.
Bitcoin is now solidly above $20,000 and a short supply and rising demand could push the price higher.
Bitcoin continues to appreciate in price as ether options interest wanes after a hot November.