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What is the current status of Coinbase selling Ripple?

avatarOvergaard 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.

What is the current status of Coinbase selling Ripple?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    As 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.
  • avatarDec 18, 2021 · 3 years ago
    Coinbase 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.
  • avatarDec 18, 2021 · 3 years ago
    According 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.