The American stock exchange Coinbase on Monday announced the addition of support cryptocurrency XRP on its platform full-featured trading Coinbase Pro.
When XRP?? Now! XRP/USD, XRP/EUR and XRP/BTC order books will soon enter transfer mode only, 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
According to the exchange, now the cryptocurrency is supported in the mode of “transfer-only”, that is, users only see the possibility of depositing funds into their accounts in anticipation of the start of trading. After at least 12 hours the company plans to open other operations to work with the XRP, but this period may be delayed.
Initially, access to the XRP will be provided to customers of Coinbase Pro from USA, UK, Canada, Singapore, Australia and some European countries. The ability to connect additional jurisdictions will be considered in the future.
When XRP will be presented on the platform Coinbase.com focused on retail users is unknown. Usually this happens in a few weeks since the release of the asset at Coinbase Pro.
“Register XRP is based on peer-to-peer network of servers. All accounts in this network can send or receive XRP, at the same time, the XRP can be used to pass behind it, Fiat currency is between two participants of a network, explains Coinbase. Thus, the XRP can function as an intermediate currency in transactions related to sending various currencies such as US dollar, Japanese yen, Euro, franc, and others, are used in the network XRP”.
It is noteworthy that XRP will be traded in pairs with the US dollar, the Euro and the bitcoin not issued by the company Circle steilcoom USDC, as it were, for example, in the case of zcash for.
Coinbase, however, again runs the risk to be in the center of the scandal on insider trading, as it was with her during the listing of the Bitcoin Cash in 2017. As rightly noted by some Twitter users, trading volumes and the exchange rate of XRP started to grow steadily for 2 and a half hours before the official announcement.
Want to know how insider trading works?
This $XRP listing on coinbase breaks it down: pic.twitter.com/hevedKYW7U
— Sir ฿itlord (@Crypto_Bitlord) February 25, 2019
In April of last year Bloomberg reported that the two largest U.S. Coinbase and Gemini flatly refused to carry out the listing of XRP, despite the active interest and willingness to provide generous remuneration emitted the crypto-currency startup Ripple, presumably for fear of problems with regulators.
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