Coinbase Opens Up XRP Trading for New York Residents

Published on by Coindesk | Published on

Mentioned in this article
Bitcoin
63,828.08
USD
-710.44
-1.113 %
USDC
1.00
USD
-0.00
-0.014 %
XRP
0.52
USD
-0.00
-0.808 %
Cryptocurrency exchange Coinbase has launched trading support for XRP for New York state residents.

The news Monday, saying that New Yorkers can now buy, sell, convert, send, receive or store XRP on Coinbase.com or via its iOS and Android mobile apps.

Over 20 percent to reach a high of $0.39 following the announcement, according to data from CoinMarketCap.

The surge also coincides with bullish moves from bitcoin in the last 24 hours.

XRP support for its retail platforms in February of this year, but New York and U.K. residents were not included at the time.

The exchange's list of supported cryptocurrencies continues to grow.

It currently offers support for bitcoin, bitcoin cash, ether, ethereum classic, litecoin, Circle's USDC stablecoin, zcash, Brave's Basic Attention Token, among others.

Offering a "Fast and free" payments service using XRP and USDC stablecoin.

The service is "Primarily designed as an educational resource for customers to learn about the benefits of using crypto for cross-border payments," the exchange's representative told CoinDesk at the time.

Recent News View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.
x