Coinbase Launches XRP Trading in New York, Price Promptly Explodes 20%
XRP is raking in the gains as Coinbase begins XRP trading in New York and an ETN launches in Germany. | Source: Shutterstock
By CCN: Coinbase has expanded its exchange platform to support XRP trading in New York.
In a tweet on Monday, the cryptocurrency exchange confirmed that New York state residents can now buy, sell, convert, send, receive, or store XRP online or via the Coinbase apps.
XRP (XRP) is now available to Coinbase users who are New York residents. New Yorkers can now log in to buy, sell, convert, send, receive, or store XRP on https://t.co/bCG11KMQ6s or using our iOS and Android apps.https://t.co/5VE1WklrWo pic.twitter.com/Zp5odgaoHs
— Coinbase (@coinbase) May 13, 2019
XRP, the cryptocurrency associated with Ripple, is up 20 percent on the news.
A Long Wait for XRP on Coinbase
It’s been a long time coming for many XRP holders. Rumors of a Coinbase listing first circulated back in late 2017, but concerns over the crypto’s regulatory status meant a listing didn’t materialize until 2019.
Coinbase first added XRP to its Coinbase Pro platform in early 2019. In the weeks following, the crypto was added to its online retail exchange, but with restrictions in New York and the UK. As of Monday, the full New York roll-out is now complete.
Coinbase has ramped up the number of tradable assets on its platform over the last twelve months. It now supports bitcoin, bitcoin cash, bitcoin SV, ethereum, ethereum classic, litecoin, stellar lumens, XRP, basic attention token, REP, zcash, 0x, as well as others on its Coinbase Pro offering.