Coinbase's Brian Armstrong talking with some hackathon attendees.

XRP Is Now Live and Trading on Coinbase’s Consumer App

Nikhilesh De
Feb 28, 2019 at 19:09 UTC
Updated Feb 28, 2019 at 19:13 UTC

Coinbase is adding XRP to its retail platforms, allowing all customers in select jurisdictions access to the world’s third-largest cryptocurrency by market cap.

On Thursday, the company, which already offers retail consumers access to bitcoin, bitcoin cash, ethereum, ethereum classic, litecoin, USDC, zcash, Brave’s Basic Attention Token, the 0x protocol token and withdrawals of bitcoin cash SV, announced it would be adding XRP to, as well as its Android and iOS apps.

“Coinbase customers can now buy, sell, convert, send, receive, or store XRP. Please note that inbound transfers and many sends require the specification of an XRP destination tag,” the blog post noted.

The cryptocurrency was first added to its professional trading platform, Coinbase Pro, earlier this week, and is already available for full trading on the exchange.

While most Coinbase customers will immediately have access to the cryptocurrency, U.K. and New York residents will not be able to buy or trade XRP.

Price movements

The price of XRP jumped roughly 10 percent to reach a high of $0.34 in the 30 minutes following the announcement of its listing on Coinbase Pro on Feb. 25, but has since given back a portion of the gains, now trading at the price of $0.32, according to data from the Binance exchange.

XRP’s price remained fairly stable in the first 15 minutes after being added to the retail platforms, unlike its price spike earlier in the week.

Sam Ouimet contributed reporting.

Brian Armstrong image via CoinDesk archives

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.