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When XRP?? Now! XRP/USD, XRP/EUR, and XRP/BTC on Coinbase Pro

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6 years ago

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When XRP?? Now! XRP/USD, XRP/EUR, and XRP/BTC on Coinbase Pro

The Ripple XRP community were asking from a long time that when will XRP be added to Coinbase Pro. This long wait has ended as Coinbase Pro has listed these trading pairs (XRP/USD, XRP/EUR, and XRP/BTC) to its platform. Potential securities classification of the cryptocurrency might be the reason for this delay in listing.

Coinbase Pro tweetedabout the listing: “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.”

Coinbase Pro official tweet
Coinbase Pro official tweet

But as per the official medium post, the support for XRP will initially be only available for Coinbase Pro users in the US (excluding NY), UK, supported European Union member nations, Canada, Singapore, and Australia.

The Stages of the XRP Launch

As per the officials, there will be four stages to launch XRP to Coinbase Pro. Here are the stages:-

  1. Transfer-only: Starting after 10 am PT on Feb. 25, customers will be able to transfer XRP into their Coinbase Pro account. Order books will be in transfer-only mode for at least 12 hours.
  2. 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.
  3. Limit-only: In the third stage, limit orders will start matching but customers are unable to submit market orders. Order books will be in the limit-only mode for a minimum of ten minutes.
  4. Full Trading: In the final stage, full trading services will be available, including limit, market, and stop orders.

As per CoinMarketCap Ripple XRP is trading at $0.327874 and is up by 7.67% having a market capitalization of $13.48B

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.