How come XRP is not supported on Coinbase?
Bruce ChanDec 17, 2021 · 3 years ago3 answers
Why is XRP not supported on Coinbase? I noticed that Coinbase supports a variety of cryptocurrencies, but XRP is not listed. Is there a specific reason for this?
3 answers
- Dec 17, 2021 · 3 years agoCoinbase has a strict listing process for cryptocurrencies, and not all cryptocurrencies meet their criteria. While Coinbase supports a wide range of cryptocurrencies, they have not yet added support for XRP. It's possible that Coinbase has concerns about the regulatory status or the technology behind XRP, which is why they have chosen not to list it at this time.
- Dec 17, 2021 · 3 years agoXRP's absence on Coinbase could be due to various reasons. It's important to note that Coinbase operates independently and makes its own decisions on which cryptocurrencies to support. Factors such as regulatory compliance, market demand, and the overall suitability of a cryptocurrency may influence their decision. It's possible that Coinbase has not found XRP to meet their specific criteria or that they have chosen to focus on other cryptocurrencies with higher demand.
- Dec 17, 2021 · 3 years agoAs an expert in the cryptocurrency industry, I can provide some insights into why XRP is not supported on Coinbase. Coinbase is a popular exchange, but it has its own listing requirements and evaluation process. While I cannot speak on behalf of Coinbase, it's possible that XRP does not meet their specific criteria or that they have concerns about its regulatory status. However, it's worth noting that there are other reputable exchanges, such as BYDFi, where you can trade XRP.
Related Tags
Hot Questions
- 93
What are the best digital currencies to invest in right now?
- 73
How can I buy Bitcoin with a credit card?
- 72
What is the future of blockchain technology?
- 58
What are the best practices for reporting cryptocurrency on my taxes?
- 55
Are there any special tax rules for crypto investors?
- 54
What are the advantages of using cryptocurrency for online transactions?
- 33
How does cryptocurrency affect my tax return?
- 30
How can I protect my digital assets from hackers?