$Ripple CEO Announces XRP Delisting in Japan Amid Regulatory
Windy-
Updated at: 8 hours ago
{"content":"$Ripple CEO Announces XRP Delisting in Japan Amid Regulatory Pressure
Ripple CEO Brad Garlinghouse has confirmed that XRP will be delisted from all major cryptocurrency exchanges in Japan, following new regulatory guidance issued by Japan’s Financial Services Agency (FSA). The announcement comes just weeks after Ripple’s partial legal victory against the U.S. Securities and Exchange Commission (SEC), marking an unexpected setback for the company.
The news has rattled investors, triggering a 16% drop in XRP’s price. Major Japanese exchanges including BitFlyer, Coincheck, and Liquid have already suspended $XRP trading. Japan was once seen as one of Ripple’s most supportive markets, making the move particularly surprising.
Market analysts estimate that the delisting could reduce global $XRP liquidity by approximately 11%. Meanwhile, Stellar (XLM)—often viewed as XRP’s closest competitor—has gained 6% in value following the announcement.
Ripple has stated its intention to challenge the FSA’s decision through legal channels, but investor confidence in XRP’s long-term prospects appears to be weakening. As the crypto community watches closely, questions are mounting: Is this an isolated regulatory hurdle or the beginning of a broader retreat from Asian markets?
{spot}(XRPUSDT)
$XRP Price: 3.1761 USD
Change: -0.33%
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