Amid the Consensus 2019 conference in New York, the major US-based cryptocurrency exchange Coinbase has launched trading support for Ripple’s XRP cryptocurrency for residents of New York state.
Announced on Monday, Coinbase says New Yorkers can now buy, sell, exchange, send, receive, and store XRP on Coinbase.com, or via the exchange’s mobile applications for both iOS and Android.
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
Following the announcement, the XRP digital asset jumped over 20%, reaching highs of over $0.40, according to data from CoinMarketCap. However, the price increase can also largely be attributed to the multitude of reasons we highlighted in a previous report by IIB.
Coinbase initially added support for XRP for its retail trading platforms in February of this year. However, New York and UK residents were not included at the time.
Now the highly popular crypto exchange supports trading and custody services for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Circle’s USDC stablecoin, Zcash (ZEC), Brave’s Basic Attention Token (BAT), among others.
Moreover, as previously reported by IIB, Coinbase recently launched fast and free international payment services using Ripple’s digital asset XRP or Circle’s stablecoin USDC.
All in all, it appears Coinbase has taken a liking to XRP and is widely supporting the digital asset through trading, custody, and payment services.
How high do you think Ripple’s XRP cryptocurrency will go in the near future? Let us know what you think in the comment section below.