Bitstamp, one of Europe’s leading cryptocurrency exchanges, has resumed trading of XRP after a brief suspension due to “potential market instability”. The temporary suspension was announced earlier today, citing “emerging security concerns” as the reason for the pause.
The exchange stated that it had taken all necessary precautions to ensure the safety of its customers and the threat was contained with minimal disruption. Trading has now resumed as normal and all services are available.
No further details were provided by the exchange as to what the security concerns were. However, XRP has been the subject of significant volatility since Ripple’s announcement last month that it was selling a portion of its holdings.
Bitstamp’s decision to restart XRP trading comes as a relief to customers of the exchange, as many had voiced their concerns over the potential implications the suspension could have on their holdings.