Ripple's XRP is now fully supported on the Coinbase Pro platform, enabling trading pairs like XRP/USD, XRP/EUR, and XRP/BTC. This announcement was confirmed in a Coinbase Pro blog post, marking a significant milestone for XRP enthusiasts.
👉 Explore XRP trading on Coinbase Pro
Availability and Key Details
The feature is currently accessible to Coinbase Pro clients in:
- The United States (excluding New York)
- The United Kingdom
- Supported EU member states
- Canada, Australia, and Singapore
Deposits opened on February 25 at 10 AM PST, with trading enabled after a 12-hour pre-trading window.
How XRP Functions on Coinbase Pro
XRP operates on the XRP Ledger, designed for:
- Cross-border remittances
- Fiat currency bridges
- Fast, low-cost transactions
Users can now:
- Send/receive XRP peer-to-peer.
- Convert XRP to fiat or other cryptocurrencies.
Controversy: Does XRP Meet Coinbase’s Listing Criteria?
Blockchain research firm Diar argues that XRP’s listing contradicts Coinbase’s own guidelines. Their Digital Assets Framework states:
- Teams should hold a minority stake in the asset.
- Ripple holds ~60% of XRP in escrow, with scheduled releases—raising concerns over decentralization.
Diar’s Key Findings
| Issue | Coinbase Rule | XRP Reality |
|-------|--------------|------------|
| Team Ownership | Minority stake | 60% held by Ripple |
| Decentralization | High priority | Centralized supply |
FAQ: XRP on Coinbase Pro
1. Which countries support XRP trading on Coinbase Pro?
The U.S. (except NY), U.K., EU nations, Canada, Australia, and Singapore.
2. Why is XRP’s listing controversial?
Ripple’s 60% escrow control clashes with Coinbase’s emphasis on decentralization.
3. Can I withdraw XRP immediately after depositing?
No—trading activates after a 12-hour deposit window.
👉 Learn more about XRP’s utility
Conclusion
While XRP’s Coinbase Pro debut expands its accessibility, the centralization debate persists. Investors should weigh Ripple’s escrow policies against the token’s liquidity advantages.
Keyword Targets: XRP, Coinbase Pro, Ripple, Cryptocurrency Trading, XRP Ledger, Decentralization
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