The San Francisco based exchange announced on Monday that it will be listing XRP trading pairs including XRP/USD, XRP/EUR, and XRP/BTC on its Pro platform. Starting at 10 AM on February 25th, XRP will be available for trading in the US (excluding NY), UK, supported European Union member nations, Canada, Singapore, and Australia.
XRP, however, is still not available for retail investors on Coinbase.com or any of its mobile applications. Coinbase usually lists the newer Cryptocurrencies on its pro platform and then eventually adds support on its retail platforms.
According to their blog, Coinbase will list XRP in four stages:
Following the announcement, the price pumped 7% in a matter of minutes. According to Coindesk, the price jumped 7% in 15minutes:
At the time of writing, XRP is valued at $0.342 increasing 12.3% in the past 24 hours. It is still lower than the price levels on 24th February before the price crash.
The sudden increase in price caused certain Twitteratis to doubt Coinbase and even accused them of insider trading. Sir Bitlord tweets:
Many XRP critics have been claiming that the token is an unregistered security, Coinbase’s policy suggests they only add tokens that they deem are not securities and are decentralized. But they also have mentioned that they are prepared to support the asset however its classified by the regulators.
The answer to whether XRP is a security or not still remains uncertain among speculators.
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