Coinbase Pro adds XRP support

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Coinbase Pro, the platform for professionals, is adding support for XRP, according to its official blog posted 25th February.

XRP support will initially be available to Coinbase Pro users in the USA (excluding New York), the UK, Coinbase-supported European Union member nations, Canada, Singapore and Australia. Other jurisdictions may be added later, the blog says.

The announcement says that as of 10am on 25th February, Coinbase Pro started accepting inbound transfers of XRP. It says, “We will accept deposits for a minimum of 12 hours prior to enabling full trading. Please note that inbound transfers require the specification of an XRP destination tag.”

The blog goes on to say: “Once sufficient supply of XRP is established on the platform, trading on the XRP/USD, XRP/EUR, and XRP/BTC order books will start in phases, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met.”

As Cointelegraph reports, “XRP trading will go through four stages, which include “transfer-only,” “post-only,” “limit-only,” and “full trading. The first two stages will enable users to transfer XRP to Coinbase Pro accounts and post limit orders, the subsequent two will allow customers to match limit orders and fully trade with XRP.”

The Coinbase Pro community has been waiting for this development for some time. In January 2018, Coinbases’s CEO said it would not be supporting XRP, but apparently minds have been changed.

Coinbase Pro has been expanding its range of tokens supported by the platform, and in recent month Ethereum Classic (ETC), Zcash (ZEC) and Basic Attention Token (BAT) have been added.

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