US-based crypto exchange Coinbase has launched XRP trading services for its clients based in New York, the company announced with a tweet.
XRP (XRP) is now available to Coinbase users who are New York residents. New Yorkers can now log in to buy, sell, convert, send, receive, or store XRP on https://t.co/bCG11KMQ6s or using our iOS and Android apps.https://t.co/5VE1WklrWo pic.twitter.com/Zp5odgaoHs
— Coinbase (@coinbase) May 13, 2019
The announcement came after the exchange added trading support for the digital coin on its retail platform in February following the addition of the same on its professional trading platform earlier this year for all its clients except those based in New York and the United Kingdom.
Coinbase also holds the controversial BitLisence issued by the New York State Department of Financial Services (NYSDFS), which is essential to introduce crypto trading services in the state.
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Top gainer in the market
The development created a stir in the already bullish crypto market as XRP prices soared. According to Coinmarketcap.com, the digital coin gained 20.5 percent in the last 24 hours and is trading at $0.38 apiece. The demand for the coin also made it the highest gainer among the top ten coins.
Funny how everyone was celebrating that the market is now much more rational and efficient because XRP isn’t pumping with the rest of the market. A day later, XRP pumps 22% and is the best performing ‘crypto’ out of the top 20 in the last 24 hours. Not much seemed to have changed pic.twitter.com/tHns3KA183
— Larry Cermak (@lawmaster) May 14, 2019
Coinbase is the largest crypto exchange and wallet platform in the United States. The exchange now lists 12 digital currencies including Bitcoin, Bitcoin Cash, Ethereum, XRP, ZCash, and Ox. Last year, the exchange revealed that it is considering to add 31 tokens for trading.
After capturing the United States market, the exchange is now eying on the international markets for an aggressive expansion. Last month, the exchange entered 11 new countries in Latin America and Asia with its crypto trading services.
The company is also focusing on bringing crypto closer to the masses as it has also launched a new Visa debit card in the UK, allowing customers to make purchases and cash withdrawals directly from their accounts.