US-based cryptocurrency exchange giant Coinbase has added support for XRP, colloquially known as ‘Ripple,’ to its retail trading platform and mobile applications. The official announcement of the addition came in a blog post on February 28.
Now, Coinbase users can buy, sell, receive, send, and store XRP on Coinbase’ iOS and Android apps, as well as on Coinbase.com. Initially, Coinbase’ mobile XRP offerings will be available to residents of all of the jurisdictions it offers full XRP trading in except for the United Kingdom and the State of New York.
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XRP is now live at https://t.co/bCG11KveHS and in the Coinbase iOS and Android apps. Coinbase customers can log in now to buy, sell, convert, send, receive, or store XRP. https://t.co/x2rM5R3S3y
— Coinbase (@coinbase) February 28, 2019
However, following the launch of full XRP trading on Coinbase Pro, blockchain research firm Diar published a report claiming that the exchange’s decision to list XRP violates its own listing criteria, known as the Digital Asset Framework.
Indeed, while Coinbase stated that “the ownership stake retained by the [XRP] team is a minority stake,” around 60 percent of XRP is said to be held by Ripple, although the coins are held in escrow with a release schedule.