Cryptocurrency exchange Coinbase has expanded its XRP trading services to residents of New York, allowing them to buy, sell, convert, send, receive, and store XRP through Coinbase’s platforms.
Key Features of XRP Trading on Coinbase
- Platform Availability: Trade via Coinbase.com or mobile apps (iOS/Android).
- Functionality: Supports transactions, conversions, and storage of XRP.
- Geographic Expansion: Previously excluded, New York users now have full access.
Market Impact
Following the announcement, XRP’s price surged by 20%, peaking at $0.39. This rally aligned with broader bullish trends in the crypto market, including Bitcoin’s upward movement.
Coinbase’s Growing Cryptocurrency Offerings
Coinbase continues to diversify its supported assets, which currently include:
| Cryptocurrency | Type |
|----------------------|--------------------|
| Bitcoin (BTC) | Digital Currency |
| Ethereum (ETH) | Smart Contract |
| Litecoin (LTC) | Payment Token |
| USDC | Stablecoin |
| Basic Attention Token| Utility Token |
👉 Explore Coinbase’s full asset list for real-time updates.
Additional Services
Coinbase recently introduced a cross-border payments service using XRP and USDC, emphasizing speed and zero fees. Designed as an educational tool, it highlights crypto’s efficiency for international transactions.
FAQs
Q: When did Coinbase first support XRP?
A: Initial retail support began in February 2019, excluding New York and the U.K.
Q: What caused XRP’s price spike?
A: The New York launch and broader market optimism drove the 20% increase.
Q: Which stablecoins does Coinbase support?
A: USDC is currently the primary stablecoin option.
Q: Are there fees for XRP transactions?
A: Standard trading fees apply; cross-border payments via XRP/USDC are free.
Why This Matters
Coinbase’s expansion into New York signals regulatory progress and enhances accessibility for XRP traders. For updates on supported regions, visit 👉 Coinbase’s official portal.
Keywords: XRP trading, Coinbase New York, cryptocurrency exchange, XRP price surge, stablecoin payments
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