On Monday (February 25th), the moment that fans of the world’s third most valuable currency had been waiting for arrived with the announcement from Coinbase that it was launching XRP trading on Coinbase Pro, its platform for professional/experienced investors.
According to Coinbase, “support for XRP will initially be available for Coinbase Pro users in the US (excluding NY), UK, supported European Union member nations, Canada, Singapore, and Australia, with more jurisdictions to be possibly added at a future date. XRP is not yet available on Coinbase.com or via the Coinbase mobile app (although it is quite likely that support for these two platforms will be added in the next several weeks).
Coinbase started accepting inbound transfers of XRP to Coinbase Pro at 18:00 UTC, and it will continue to “accept deposits for a minimum of 12 hours prior to enabling full trading.” Coinbase’s blog post warns that “inbound transfers require the specification of an XRP destination tag.”
Coinbase also says that once there is “sufficient supply of XRP,” trading of the three new pairs — XRP/USD, XRP/EUR, and XRP/BTC — will “start in phases, beginning with post-only mode and proceeding to full trading” (assuming that their “metrics for a healthy market” are met, of course).
Needless to say, this news has shocked and delighted the XRP community on Twitter. Here is one humorous reaction:
First reaction to the Coinbase news:
“Check calendar if its April 1st”
“Check if the account tweeting it is a parody account”
— Leonidas (@LeoHadjiloizou) February 25, 2019
And this is crypto analyst/trader Alex Krüger tweeting about the reaction to the announcement on Bitfinex:
— Alex Krüger (@krugermacro) February 25, 2019
At press time, according to data from CryptoCompare, XRP is trading at $0.3362, up 10.34% in the past 24-hour period: