So, the wish come true for XRP enthusiasts –Yes, Coinbase Exchange is listing long awaited XRP on its professional trading platform, Coinbase Pro As soon as the listing hit the market, the price of XRP suddenly spiked with 11.36 percent within a couple of hours.
It was announced on Feb 25, 2019 via Coinbase’s official blog. However, to begin the move, Coinbase has initially rolled ‘transfer-only’ mode – which means users can only deposit XRP tokens. And following the span of 12 hours, the platform would more likely activate the other trading services as well.
When XRP?? Now! XRP/USD, XRP/EUR, and XRP/BTC order books will soon enter transfer-only mode, accepting inbound transfers of XRP in supported regions. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/MWUtUm4wRh
— Coinbase Pro (@CoinbasePro) February 25, 2019
At the initial stage, only users in selected regions such as US (excluding NY), UK, Canada, Australia, Singapore, Supported European Union member nations – can enjoy the services. The blog further reads to add other jurisdiction in near future.
After 10am on February 25, 2019 we will begin accepting inbound transfers of XRP to Coinbase Pro. We will accept deposits for a minimum of 12 hours prior to enabling full trading. Please note that inbound transfers require the specification of an XRP destination tag.
The listing of XRP on Coinbase was on a rising demand from XRP community members – as such whenever a new listing announcement hits on Coinbase, XRP enthusiasts kept on hoping the next listing would be XRP – but it made possible today. However, XRP will just be available for users of Coinbase pro and not on ‘Coinbase.com or via its mobile apps’ (Android and iOS)
Further, it points out the four phases of listing XPR on Coinbase – As noted on its official blog;
- Transfer-only.Starting after 10am PT on Feb. 25, customers will be able to transfer XRP into their Coinbase Pro account. Customers will not yet be able to place orders and no orders will be filled on these order books. Order books will be in transfer-only mode for at least 12 hours.
- Post-only.In the second stage, customers can post limit orders but there will be no matches (completed orders). Order books will be in post-only mode for a minimum of one minute.
- Limit-only.In the third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in limit-only mode for a minimum of ten minutes.
- Full trading.In the final stage, full trading services will be available, including limit, market, and stop orders.
It’s worth to note that the listing bulletins quitely influence the value of XRP to 11.36 %, counting average trading volume $13,952,548,937. As per the data from coinmarketcap – the current value of XRP is $0.337298 respectively.
The listing announcment is truly a great news for all those who were eagerly eyeing on Coinbase to list XRP – however the demand reached the peak when XRP hit the top second position during November. Perhaps, the exchange took longer to accept the request and announced the support of XRP on Feb 25, 2019, making it initially available with XRP/USD, XRP/EUR, and XRP/BTC .
So for now – XRP is only accessible on ‘Coinbase Pro’ – stay tuned with Ripplecoinnews to know when the announcement for XRP on Mobile Apps and Coinbase.com hit the Coinbase media. Share your opinion with us
4JNET Defi and Metaverse Project are the most sought after. Now officially launched, increasing rate is 388% within couple of hours
President Nayib Bukele, Suggests US Fed to Stop Printing Money
One Moment While We Securely Connect You To Kraken
As BTC Price Steady Above $56K, ETH and Shiba Inu Surge Significantly
XRP Price Analysis, as the Token Faces Resistance at $1
Recent Press Release
Crypto Casinos vs. XRP Margin Trading: Where Is It Easier to Increase the Odds?
Many XRP investors have recently turned to margin trading. Understandably, people want the additional thrill while the market is stagnated....
Bitcoin As a Prototype of Central Banks
Bitcoin is a computerized currency that “utilizes decentralized technology to work with no centralized system or financial firms,” according to...
Hitches that cryptocurrency can pose to the financial sector
New upcoming companies are increasingly engaging in accessing the bitcoin market. After focusing for generations on bitcoin’s capabilities, prices, operational...
Bitcoin Address- A brief overview
Anyone who wants to buy or sell anything using Bitcoin must send money from a specified location, akin to how...
Why should you prefer Blockchain Technology?
From one end of the world toward the other, blockchain technology is without question the most fiercely contested issue. Since...