The UK-based financial technology company and app Revolut has sent an important warning to its investors about the price of XRP. The securities lawsuit filed against Ripple by the SEC has prompted cryptocurrency exchanges and companies to take some action against XRP. Revolut, on the other hand, has warned its own investors that the price of XRP could fall to the bottom by suggesting them.
Revolut may soon stop trading XRP
According to information quoted by the Irishtimes source, Revolut said in a statement sent to its investors that the price of XRP could be drawn up to $ 0. The statement, also posted on Reddit, hinted that XRP had not yet been removed from the Revolut platform, but that it could be done soon.
Revolut’s statement outlined two scenarios for removing XRP from the platform. The first is that the cryptocurrency exchanges with which they are partners have removed XRP from their platforms, while the second is that XRP has very low liquidity. Revolut, as a” worst-case scenario”, suggested that if the price of XRP is delisted from all exchanges, the value of it could fall to $ 0.
Revolut continues to grow in cryptocurrency sector
“It is important that you constantly review your cryptocurrency assets and especially your XRP investment,” told investors. The financial giant said it would closely monitor the Ripple case. Revolut is known to have over 1 million users within Ireland alone, users have $ 120 million worth of cryptocurrency assets in 2019. Company first entered the sector in 2017 by supporting Bitcoin, Ether and Litecoin trading, achieved rapid growth in a short time.
The XRP / USD trading pair is trading at $ 0.23 as of basn hour despite today’s sharp market decline and continues to hold. Revolut’s removal of XRP from its platform may not affect the price as much as the bad news from the Coinbase or Bitstamp exchanges.