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How come XRP is not supported on Coinbase?

avatarteror575Dec 30, 2021 · 3 years ago3 answers

Why is XRP not supported on Coinbase? I noticed that Coinbase supports a variety of cryptocurrencies, but XRP is not listed. Is there a specific reason for this?

How come XRP is not supported on Coinbase?

3 answers

  • avatarDec 30, 2021 · 3 years ago
    Coinbase has a strict listing process for cryptocurrencies, and not all cryptocurrencies meet their criteria. While Coinbase supports a wide range of cryptocurrencies, they have not yet added support for XRP. It's possible that Coinbase has concerns about the regulatory status or the technology behind XRP, which is why they have chosen not to list it at this time.
  • avatarDec 30, 2021 · 3 years ago
    XRP's absence on Coinbase could be due to various reasons. It's important to note that Coinbase operates independently and makes its own decisions on which cryptocurrencies to support. Factors such as regulatory compliance, market demand, and the overall suitability of a cryptocurrency may influence their decision. It's possible that Coinbase has not found XRP to meet their specific criteria or that they have chosen to focus on other cryptocurrencies with higher demand.
  • avatarDec 30, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can provide some insights into why XRP is not supported on Coinbase. Coinbase is a popular exchange, but it has its own listing requirements and evaluation process. While I cannot speak on behalf of Coinbase, it's possible that XRP does not meet their specific criteria or that they have concerns about its regulatory status. However, it's worth noting that there are other reputable exchanges, such as BYDFi, where you can trade XRP.