XRP Now Available on Coinbase Pro; With Controversy

XRP Now Available on Coinbase Pro; With Controversy

Ripple is now fully supported by the Coinbase Pro platform in its exchange versions of XRP/USD, XRP/EUR, and XRP/BTC, according to a press release published by the Coinbase blog.

The new feature is currently available for Coinbase Pro clients in the United States (excluding New York), the United Kingdom, supported European Union Members, Canada, Australia and Singapore. The company stated that “additional jurisdictions may be added at a later date.”

Long story short, as of February 25 at 10am, Coinbase Pro began to accept deposits “for a minimum of 12 hours prior to enabling full trading.”
The announcement highlighted that the XRP is based on the XRP ledger, which supports remittances and international currency exchanges. The process will allow users to send or receive XRP between each other and, finally, use it as a bridge for fiat currencies transactions. 

Is Coinbase going against its own listing rules?

However, not everything is great with the new addition. According to a report published by the blockchain research firm Diar, the XRP addition does not fit the Coinbase’s requirements to list a cryptocurrency on its platform.

According to Diar, Coinbase is now leaving behind “one of their own pillars” regarding listing cryptocurrencies. 

Diar recalls that the Coinbase’s Digital Assets Framework says that the ownership stake retained by the platform’s team should be a minority stake; however, “a fact far from reality as Ripple holds nearly 60% of the supply in escrow with a release schedule,” as Diar concluded.

Recently Similar News

cex-promotion etoro-promotion

Latest Guides

Latest News

Asia,Binance,Japan,South Korea

Binance Reveal Three East Asian Expansion Plans

Yesterday was one that saw gradual developments emerging from Binance all of which focus on areas of East and South-East Asia. Throughout the day yesterday, Binance’s blog updated 3 times with news that the plan was making deals and launching accessibility options for currencies and blockchain-orientated companies in major Asian countries, Japan, South Korea and […]

21 January, 2020
CoinEx,Listings,Margin Trading,Promotion

CoinEx Announce Free Margin Trading Borrowing & KDA Listing

CoinEx have announced a period of free borrowing for margin trading and the listing of a new token known as KDA with a trading competition attached. The first of these announcements has come as means to celebrate the Bitcoin Cash (BCH) Halving which is scheduled for later this year. In March, the mining reward for […]

20 January, 2020
Coinbase,Cosmos,Exchange Platforms,Listings

Cosmos (ATOM) Is Now Live at Coinbase

Earlier this week, Coinbase listed the native token of an interoperable blockchain protocol that facilitates the transfer of data between existing chains, Cosmos. The token known as ATOM has been live on the platform since Thursday across the Coinbase platform This includes the possibility to do so while on the go on either the mobile […]

19 January, 2020
KuCoin,Listings,Margin Trading,Promotion

Borrow New Tokens on KuCoin Margin Trading With 0% Interest

KuCoin have expanded their listed tokens on their platform with the addition of 5 new tokens available to traders and are offering zero interest on these tokens as a special promotional offer. The KuCoin margin trading service is one of the newest products offered by the trading platform and has become an area of their […]

19 January, 2020

You Can Now Trade with Kazakhstan Tenge (KZT) at EXMO

EXMO has added to their fiat currency trading options with the inclusion of the Kazakhstan Tenge which became available on the platform earlier this week. EXMO hey were already one of a limited number of platforms that offered Polish Zloty, Ukrainian Hryvnia and Turkish Lira, but the decision to choose the Kazakhstan Tenge (KZT) is […]

18 January, 2020
Custodian,Fee Decrease,Kraken,Promotion

You Can Fund Your Kraken Account For Free This February

This February you can fund your Kraken account for free when you use Etana Custody. Etana is a custody service that operates with Tier 1 banks across the globe and holds offices in prominent locations of the financial world such as USA, Singapore, Japan, and Europe. The core model of the business is the offering […]

17 January, 2020

CEX’s New Automatic Staking Feature Has Officially Gone Live

The CEX Automatic Staking Feature has gone live with 4 tokens currently available to stake on the platform. CEX announced news of the staking feature last week but didn’t designate a specific time for it to launch. However, CEX users were informed yesterday that staking was up, running and ready for users to start earning […]

16 January, 2020

Kraken Acquires Australian Firm, Bit Trade

Kraken has announced the acquisition of Bit Trade – the longest-running Australian crypto service provider. Bit Trade has been in business since as far back as 2013. In that time, it has established a solid reputation thanks to its intuitive and sophisticated products and its assistance on ensuring security and regulatory compliance. This made it […]

15 January, 2020