Follow The Four Stages To Easily Trade XRP On Coinbase Pro

The crypto exchange Coinbase Pro launches XRP on its trading platform Coinbase Pro. This launch will be staggered across four phases, one of which is already live.


In an announcement, Coinbase revealed its support for XRP. Initially, it will be available to only the Coinbase pro users in U.S (excluding NY), U.K, Canada, Singapore, Australia and supported European Union member nations.

Currently, XRP trading is not yet available on or on mobile apps. Within few weeks of launching support on Coinbase Pro, the exchange also plans to launch cryptocurrencies for its non-professional users as well.

As per the reports, once the sufficient XRP distribution takes place, trading begins. Initially, the trading pair support to  XRP/USD, XRP/EUR, and XRP/BTC. Trading is carried in four stages :

Transfer-Only: The stage which is currently active. Customers have a period of 12-hours in which they can transfer XRP to Coinbase Pro. During this phase, it is not possible to place or fill orders.

Post-Only: In this phase, Customers can post limit orders but they will not be matched yet.

Limit-Only: During this phase limit orders will start matching. Customers cannot place market orders.

Full-Trading: In this phase full-trading services are active.

Coinbase Pro will announce the progress of the four stages through its official Twitter account. Coinbase is also planning to anticipate the addition of some more digital currencies over a period of time.

Basically, the XRP can function as a bridge currency in transactions including various currencies such as US dollars, Japanese yen, Euros, Francs, and others in use on the XRP network.

One of the individuals who are familiar with Coinbase’s internal decision-making process said the company may support the asset as classified by regulators. This was in reference to the question of whether XRP qualifies security.

Also Read: Why Vitalik Says Ripple’s XRP Is Better Than Bitcoin?

What is your view on trading XRP on Coinbase Pro? Share your thought on Twitter and Facebook. Read Recent Updates on All Exchanges

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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