Coinbase Pro of crypto trading platform, Coinbase, is adding support for Ripple’s XRP token. Coinbase announced the development via an official blog post.
Coinbase Pro will now accept deposits of XRP for a minimum of 12 hours before enabling full trading. Coinbase notes that it will first establish sufficient liquidity on the platform, opening trading pairs in U.S. dollars, euro and Bitcoin (BTC) in phases.
Full trading of XRP will be available to customers in the U.S., Canada, the European Union, the United Kingdom, Singapore and Australia. Coinbase may expand its services to other countries at a later time.
XRP trading will pass through four stages, which include “transfer-only,” “post-only,” “limit-only,” and “full trading. The first two stages will enable users to transfer XRP to Coinbase Pro accounts and post limit orders, the subsequent two will allow customers to match limit orders and fully trade with XRP.
XRP traded at $0.338, up over 11 percent on the day and 5.4 percent on the week according to CoinMarketCap.