In line with an official ‘web-blog‘ post by Coinbase, Coinbase Pro, the skilled offering of U.S. based cryptocurrency trading platform and digital wallet service provider ‘Coinbase’, is adding support for Ripple [XRP] token.
As per the announcement, Coinbase Pro will be accepting deposits of Ripple [XRP] for a min of 12 hours before enabling full trading. Coinbase added that it’ll 1st establish ample liquidity on the platform, listing pairs in U.S. dollars, Euro and Bitcoin [BTC] in phases.
Full trading of Ripple [XRP] will be available to consumers within the U.S., Canada, the European Union, U.K., Singapore and Australia. Coinbase might ‘expand‘ its services to alternative countries lately.
Ripple [XRP] trading can undergo four stages, that embody “transfer-only,” “post-only,” “limit-only,” and “full trading”. The primary 2 stages can enable users to transfer Ripple [XRP] to Coinbase Pro accounts and post limit orders, the following two would enable customers to match limit orders and totally trade with Ripple [XRP].
Earlier last year, Coinbase Pro has been actively extending its catalogue of tokens listed on the ‘platform‘. Earlier in Aug. 2018, it additionally added support for Ethereum Classic [ETC], Bitcoin SV [BSV] followed the Basic Attention Token [BAT] and privacy altcoin’s Zcash [ZEC] in Nov. Support for the above tokens was later extended to ‘Coinbase’s‘ retail platform Coinbase.com and its mobile application.
The new listing of Ripple [XRP] to Coinbase has been long-awaited by the crypto community. Earlier in Jan. last year, Coinbase chief operating officer ‘Brian Armstrong’ revoked rumors that the exchange would add support for Ripple [XRP] within short term. Following Armstrong’s announcement, the worth of XRP crashed from from over $148 Bln to $126 Bln.
However, at the reporting time, Ripple [XRP] is presently trading at a price around ‘$0.3212 USD‘ which is 5.22% higher than yesterday.
Even ‘reported‘ earlier this month, OKEx, the ‘3rd‘ major cryptocurrency trading market by daily mercantilism volumes at the reporting time, presently permits its users to purchase or sell Ripple [XRP] and Bitcoin Cash [BCH] with 5 supported standard fiat currencies: GBP [British pound], CNY [Chinese renminbi], VND [Vietnamese dong], RUB [Russian ruble] and THB [Thai baht] on the OKEx C2C platform.