Coinbase Adds XRP Support to iOS & Android Mobile Apps

US-based cryptocurrency exchange giant Coinbase has added support for XRP, colloquially known as ‘Ripple,’ to its retail Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term and mobile applications. The official announcement of the addition came in a blog post on February 28.

Now, Coinbase users can buy, sell, receive, send, and store XRP on Coinbase’ iOS and Android apps, as well as on Coinbase.com. Initially, Coinbase’ mobile XRP offerings will be available to residents of all of the jurisdictions it offers full XRP trading in except for the United Kingdom and the State of New York.

XRP is now live at https://t.co/bCG11KveHS and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive, or store XRP. https://t.co/x2rM5R3S3y

— Coinbase (@coinbase) February 28, 2019

Rumors of XRP Support on Coinbase Have Been Around for Months

The addition of the assets has many in both the XRP and Coinbase user communities breathing a sigh of “finally.” Rumors that Coinbase would add XRP to its retail platforms have been circulating for months.

However, the upward price movement that many seemed to think a Coinbase addition would give XRP hasn’t really come. At press time, the price of XRP had risen only 1.5 percent in the last 24 hours.

The price of XRP was also basically unaffected earlier this week on February 25th when full support for XRP was announced on Coinbase Pro for customers in U.S., Canada, the European Union, the United Kingdom, Singapore, and Australia. Coinbase Pro is Coinbase’ native cryptocurrency exchange.

When XRP?? Now! XRP/USD, XRP/EUR, and XRP/BTC order books will soon enter transfer-only mode, accepting inbound transfers of XRP in supported regions. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours. https://t.co/MWUtUm4wRh

— Coinbase Pro (@CoinbasePro) February 25, 2019

However, following the launch of full XRP trading on Coinbase Pro, 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 tampe 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 tampe Read this Term research firm Diar published a report claiming that the exchange’s decision to list XRP violates its own listing criteria, known as the Digital Asset Framework.

Indeed, while Coinbase stated that "the ownership stake retained by the [XRP] team is a minority stake," around 60 percent of XRP is said to be held by Ripple, although the coins are held in escrow with a release schedule.