Coinbase Halts XRP Trading, Custody and Wallet Services Not Affected
- Trading XPR on Coinbase platforms will move into limit only starting today, and will be fully suspended on January 19, 2021.

This is the latest announcement from a major crypto platform to drop the token listing on the heels of an SEC lawsuit that is pursuing legal action against Ripple and its executives.
Trading XPR on Coinbase platforms, which count 40 million users worldwide and is gearing up for an IPO, will move into limit only starting today, and will be fully suspended on January 19, 2021.
“In light of the SEC’s lawsuit against Ripple Labs, Inc, we have made the decision to suspend the XRP trading pairs on our platform. We will provide additional updates, if any, through the Coinbase Support Twitter account, including if there are any changes to timing,” the popular US exchange said.
Coinbase said the trading suspension will not affect customers’ access to XRP wallets which will remain available for deposit and withdraw even after trading is halted, the San Francisco-based platform emphasized in their latest update.
XRP holders in certain jurisdictions will still be able to benefit from next year’s airdrop, which will give away Spark tokens at a one-to-one ratio against their current holdings.
Open a Trading Account Today with These Recommended Brokers
So far, three major exchanges, namely OKCoin, Bitstamp and Coinbase, as well as crypto market maker B2C2 and payment provider Simplex have either temporarily suspended XRP trading or removed it entirely.
Soon after the SEC announced charges against Ripple, lesser-known crypto platforms such as OSL, CrossTower and Beaxy suspended XRP trading effective immediately and until further notice. Further, crypto fund manager, Bitwise liquidated its position in XRP, citing regulatory concerns.
The XRP price has crashed from $0.64 to $0.28 in under a week as traders and investors process the news.
Ripple is developing several Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term-based solutions that enable cross-border money transactions between banks in a faster and cheaper way than the current systems allow.
Some of the top 10 US banks, as well as other big remittance companies, are already using Ripple’s product across their payment services, including MoneyGram, Standard Chartered Bank, American Express and many others.
This is the latest announcement from a major crypto platform to drop the token listing on the heels of an SEC lawsuit that is pursuing legal action against Ripple and its executives.
Trading XPR on Coinbase platforms, which count 40 million users worldwide and is gearing up for an IPO, will move into limit only starting today, and will be fully suspended on January 19, 2021.
“In light of the SEC’s lawsuit against Ripple Labs, Inc, we have made the decision to suspend the XRP trading pairs on our platform. We will provide additional updates, if any, through the Coinbase Support Twitter account, including if there are any changes to timing,” the popular US exchange said.
Coinbase said the trading suspension will not affect customers’ access to XRP wallets which will remain available for deposit and withdraw even after trading is halted, the San Francisco-based platform emphasized in their latest update.
XRP holders in certain jurisdictions will still be able to benefit from next year’s airdrop, which will give away Spark tokens at a one-to-one ratio against their current holdings.
Open a Trading Account Today with These Recommended Brokers
So far, three major exchanges, namely OKCoin, Bitstamp and Coinbase, as well as crypto market maker B2C2 and payment provider Simplex have either temporarily suspended XRP trading or removed it entirely.
Soon after the SEC announced charges against Ripple, lesser-known crypto platforms such as OSL, CrossTower and Beaxy suspended XRP trading effective immediately and until further notice. Further, crypto fund manager, Bitwise liquidated its position in XRP, citing regulatory concerns.
The XRP price has crashed from $0.64 to $0.28 in under a week as traders and investors process the news.
Ripple is developing several Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term-based solutions that enable cross-border money transactions between banks in a faster and cheaper way than the current systems allow.
Some of the top 10 US banks, as well as other big remittance companies, are already using Ripple’s product across their payment services, including MoneyGram, Standard Chartered Bank, American Express and many others.