In today’s crypto news, we are focusing on Coinbase Pro which is the professional offering of the US-based crypto trading platform and wallet service Coinbase – and its recent decision to add support for another altcoin.
Ripple (XRP) is this time in the focus. As Coinbase Pro announced in an official blog post, the development started weeks ago and will allow the platform to accept deposits of XRP for a minimum of 12 hours before enabling the full trading option. Coinbase also noted that it will first establish the needed liquidity on the platform and open trading pairs in US dollars, followed by Euros and Bitcoin (BTC) in multiple phases in the future.
Full trading of XRP is expected only to customers in the US, Canada, the European Union, the United Kingdom, Australia and Singapore. However, Coinbase may expand the services to other countries in the near future.
Another important thing to mention is that the XRP trading will go through four stages, including “transfer only,” “post only,” “limit only,” and “full trading.”
While the first two stages enable users to transfer XRP to Coinbase Pro accounts and post their limit orders, the other two will allow customers to match the limit orders and fully trade with XRP.
This announcement was long-awaited by the crypto community.
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