What are the reasons behind the inability to purchase XRP on Coinbase?

3 answers

• Dec 29, 2021 · 3 years ago
  There are a few reasons why you may be unable to purchase XRP on Coinbase. One possible reason is that Coinbase has temporarily suspended XRP trading due to regulatory concerns. This could be because of ongoing legal issues surrounding XRP and its classification as a security. Another reason could be that Coinbase has limited the availability of XRP in certain regions due to regulatory restrictions. Additionally, Coinbase may have temporarily disabled XRP trading due to technical issues or maintenance. It's always a good idea to check Coinbase's official announcements or contact their customer support for more information on why you are unable to buy XRP.
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• Dec 29, 2021 · 3 years ago
  Well, it seems like Coinbase has put a hold on XRP trading for now. This could be because of all the legal drama surrounding XRP's status as a security. The Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple, the company behind XRP, alleging that it conducted an unregistered securities offering. As a result, many exchanges, including Coinbase, have decided to halt XRP trading until the legal situation is resolved. So, unfortunately, you'll have to wait until Coinbase lifts the ban on XRP trading.
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• Dec 29, 2021 · 3 years ago
  As of now, you cannot buy XRP on Coinbase. This is because Coinbase has temporarily suspended XRP trading. The reason behind this suspension is the recent lawsuit filed by the SEC against Ripple, the company that created XRP. The SEC alleges that XRP is a security and that Ripple conducted an unregistered securities offering. Due to these legal concerns, Coinbase and other exchanges have decided to halt XRP trading until the lawsuit is resolved. If you're looking to buy XRP, you may need to explore other exchanges that still offer XRP trading, such as BYDFi.
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