Coincheck temporarily suspends XRP sales

[Sir Zerps A Lot]

Posted on Coincheck's twitter page:

 

[wiredless1]

"it is determined the current liquidity of XRP is low... "

Institutional in-country escrow reserves having been purchased?
 

[Guest]

this is good, it means they're protecting consumers from price spread risk -- most crypto exchanges wouldnt care

[MBi]

There aren't  enough ZERPS 

[Malloy]

Their honesty makes me want to open an account there :-)

[Xi195]

5 minutes ago, Malloy said:

Their honesty makes me want to open an account there :-)

Existing customers don't seem to be so clear on why trading shut down. It's hard to understand exactly what's going on through google translate, but here are the comments on one of the tweets: https://translate.google.com/translate?hl=en&sl=ja&tl=en&u=https%3A%2F%2Ftwitter.com%2Fcoincheckjp%2Fstatus%2F861905864147427328

 

[Sir Zerps A Lot]

A great feeling when exchanges can't handle the demand

[Live4xrp]

As of tomorrow XRP available is what Coincheck has tweeted...

[altriox]

Quote

Significant decline, confusion with coincheck

On 9th, when the ripple fell sharply, coincheck caused a failure in which the price is not normal. As a result, it seems that it will stop server and roll back for 5 hours. It seems that the cause is under investigation, but it is announced that it is not due to hacking etc. In the meantime, the ripple price fell sharply, and the state where it could not be traded continued. For users, it was impossible to respond to profit or loss, resulting in confusion.

-https://translate.google.com/translate?hl=en&sl=ja&u=https://bitcoinlab.jp/articles/193&prev=search

I found the above.

[Sir Zerps A Lot]

[Sir Zerps A Lot]

For some reason, the Japanese page provides additional details: