Ripple: XRP-focused cryptocurrency exchange XRP United announces termination of all operations

2019-6-4 00:30

In yet another case of a cryptocurrency exchange meeting its untimely demise, the Estonia-based and Ripple’s native XRP-focused, XRP United, announced that it will be ceasing all operations from 1st July. The exchange added that funds not withdrawn within the stipulated date will be liquidated and the proceeds donated to the charity. The official announcement also suggested that the exchange will stop accepting fund deposits from the 15th of June.

XRP United’s official tweet read,

It is with regret and sadness that we have to announce that XRP United Exchange will cease operations on 1st of July 2019 at 00:00:00 UTC. If You are a customer of our exchange, please check Your email for further instructions.

We thank the #xrpcommunity for all the support!

— XRP United (@xrpunited) June 2, 2019


Founded in 2018, the platform’s decision to wrap up activities in less than a year since its inception was speculated to be the death of one of XRP United’s key members. The Ripple-focused exchange had tweeted,

“It is with great sadness and sorrow that XRP United teams announces the passing away of P3T3RIS @p3_ris , a key member of the XRP community and a great visionary… We kindly ask you to take a moment to remember him. Thank you on behalf of the entire XRP United team.”

Mart Liivand, CEO and Co-founder of XRP United, in an Imgur post had revealed that the team would continue operating in the fintech space and working with XRP. Liivand also hinted at upcoming projects aimed at a wider audience.

The post Ripple: XRP-focused cryptocurrency exchange XRP United announces termination of all operations appeared first on AMBCrypto.

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