XRP Surges Amid Controversial Coinbase Return Evidence


September 10, 2021, | AtoZ Markets – Ripple’s XRP jumped by more than 12% for a few minutes tonight. This was preceded by a message that the Coinbase exchange may re-add the token to its platform.

As AtoZ Markets reported, Coinbase suspended XRP trading on January 19 after the US Securities and Exchange Commission (SEC) sued the token issuer Ripple on charges of illegally selling securities. At the same time, Coinbase promised that it will continue to monitor the development of the situation around XRP.

Twitter crypto Whalebot reported that Coinbase may reopen XRP tradings for possible listings. According to him, XRP can be added in pairs with bitcoin, US dollar, British pound and euro. Shortly thereafter, the bot posted many messages about other listings on Coinbase, such as the DOGE/USDT pair, which has been available since early June.

All of this indicates that the bot’s trigger was most likely false and caused by some kind of change in the internal structure of Coinbase. In this way, pairs with XRP that existed on the exchange before the delisting could be reflected, even if it does not plan to reactivate them. This is also indicated by the lack of USDT stablecoin among the alleged trading pairs – its support on Coinbase was added in April, after XRP trading stopped.

This week it became known about Coinbase’s own conflict with the SEC, which promised to sue the exchange if it launches a product in the field of lending.

Read also: Ripple CEO Supports Coinbase in the Conflict with the SEC

Users note that XRP trading pairs are currently displayed on the Coinbase Pro mobile app, however the corresponding markets are still not available. Coinbase has not yet commented on the situation.

The listings were removed. Not sure if this is accurate information,” wrote Whalebot.

Coinbase responded:

As stated earlier, Coinbase has suspended XRP trading. Due to technical issues, XRP was temporarily displayed in the Coinbase Pro mobile app for some users, but was not available for trading. “

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