Crypto exchange Coinbase is launching support for XRP, the third-largest cryptocurrency by market capitalization.
The exchange announced Monday it would be listing XRP on its professional trading platform, Coinbase Pro, in "Transfer-only" mode, meaning customers can only deposit tokens to begin with.
After a minimum of 12 hours, the company plans to activate other trading services, though this timeline is variable.
Initially, Coinbase Pro customers in the U.S., the UK, some EU nations, Canada, Singapore and Australia will be able to access XRP, with support for other jurisdictions possibly being added in the future.
While no firm timeline for launching support on Coinbase's retail platforms was given, the exchange typically launches cryptocurrencies for its non-professional users within a few weeks of launching support on Coinbase Pro.
"In this way, XRP can function as a bridge currency in transactions involving different currencies such as US dollars, Japanese yen, Euros, Francs, and others in use on the XRP network."
An individual familiar with Coinbase's internal decision-making process said the company "Is prepared to support the asset however it's classified by regulators," referring to the open question of whether XRP qualifies as a security.
Ripple Labs, its subsidiary XRP II and a number of individuals affiliated with the XRP cryptocurrency are currently defendants in a federal class-action lawsuit alleging that XRP is a security issued by the payments startup, a claim that Ripple has denied.
Coinbase Exchange Users Can Buy and Sell XRP Starting Tomorrow
pubblicato su Feb 25, 2019
by Coindesk | pubblicato su Coinage
Coinage
Menzionato in questo articolo
Notizie recenti
Vedi tutti
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.