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XRP News: Why Columbus Day Could Complicate XRPN’s First Day Of Trading

Published by
Anjali Belgaumkar

Evernorth now expects XRPN to begin trading on Nasdaq on Monday, October 12, after an administrative delay pushed closing to Friday, October 9. That Monday is Columbus Day in the US, and an XRP community account argues the timing is awkward: stocks trade, but bond markets and banks are closed, so no cash can be wired in or out of brokerage accounts. Stock trades from the previous Friday would also settle a day late, on Tuesday. Japan’s bond market is closed for a holiday and Canada’s for Thanksgiving, while European and UK bond markets stay open.

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Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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