Ripple Surging: Coinbase Pro lists XRP Token

Coinbase Pro has at last listed the XRP token. Coinbase made the announcement in a recent blog post which led to a quick surge in the price of XRP.

XRP trading began yesterday and is currently paired with USD, EURO and BTC.

Coinbase began the deposit process 12 hours before the commencement of trading in order to maintain enough liquidity.

 

According to the blog post by Coinbase:

XRP token is a cryptocurrency which is used by the XRP ledger supporting international transfers and remittances. The XRP ledger is powered by a network of peer-to-peer services. All the accounts made on this network are eligible to send or receive XRP tokens and the XRP token can be used to send underlying fiat currencies between each other. So, the XRP token acts as a bridge in transactions involving different types of currencies such as USD, EURO, YEN etc.

Currently, XRP trading is only allowed for US citizens (except for New York). XRP enthusiasts have been eagerly waiting for Coinbase to list XRP for consumer users. The same will be listed for the consumer platform as well in some weeks from now.

XRP is currently being traded at $0.319586 after a 5% surge it experienced after the listing news.

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Janet F. Sanchez
Janet Sanchez writes articles which, considering where you’re reading this, makes perfect sense. She is best known for writing cryptocurrency related news and blogs. She also writes about business, finance, and technology. Working from home and taking care of her little son, she has a passion for writing.

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