For a start, the exchange revealed it would add XRP to the Coinbase Pro platform in a “transfer only” mode, meaning that users can only transfer their XRP tokens but will not have the option to trade it.
After 12 hours or thereabout, the exchange said it would introduce the trading options, thus opening its floodgates to crypto traders who had long yearned to trade the altcoin on Coinbase.
Coinbase hopes to offer XRP/USD, XRP/EUR, and XRP/BTC trading pairs from the go while adding others as the days go by.
Who Can Trade Ripple XRP on Coinbase?
According to the announcement, the new XRP listing will only be available to all U.S customers excluding New York as well as European Union member nations, Canada, Singapore, and Australia.
Coinbase will likely add the XRP listing to its other platforms, mainly coinbase.com and the iOS and Android trading apps, but will want to monitor growth on the Pro platform before doing so.
Ripple XRP Outlook — Bullish
As one would expect, the listing of XRP on one of the world’s largest cryptocurrency exchanges resulted in the value of the token soaring in the hours leading up to press time.
Although the rest of the crypto market has slightly dropped off from the pump over the weekend, Ripple XRP has posted up to 9% gains on the daily trading charts following the listing on Coinbase.