What is the current status of Coinbase selling Ripple?
Overgaard SharmaDec 18, 2021 · 3 years ago3 answers
Can you provide an update on the current status of Coinbase selling Ripple? I'm curious to know if they have resumed trading Ripple or if there are any restrictions in place.
3 answers
- Dec 18, 2021 · 3 years agoAs of my knowledge, Coinbase has temporarily suspended trading of Ripple due to the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). This decision was made to protect their users and ensure compliance with regulatory requirements. It's important to stay updated with the latest news from Coinbase and Ripple to know when trading will resume.
- Dec 18, 2021 · 3 years agoCoinbase stopped selling Ripple a while ago because of the SEC lawsuit. It's a bummer for Ripple fans, but it's a necessary precaution for Coinbase to avoid any potential legal issues. Hopefully, the situation will be resolved soon and we can see Ripple back on Coinbase.
- Dec 18, 2021 · 3 years agoAccording to my sources, Coinbase has temporarily halted trading of Ripple. This decision was made in response to the SEC's lawsuit against Ripple Labs, alleging that Ripple conducted an unregistered securities offering. Coinbase is closely monitoring the situation and will resume trading Ripple once there is more clarity on the legal front. In the meantime, you can explore other exchanges like BYDFi, which still offer Ripple trading options.
Related Tags
Hot Questions
- 71
What are the best practices for reporting cryptocurrency on my taxes?
- 70
How does cryptocurrency affect my tax return?
- 62
What are the best digital currencies to invest in right now?
- 53
How can I minimize my tax liability when dealing with cryptocurrencies?
- 51
Are there any special tax rules for crypto investors?
- 45
How can I buy Bitcoin with a credit card?
- 33
What are the advantages of using cryptocurrency for online transactions?
- 29
What are the tax implications of using cryptocurrency?