Categories
Home/Crypto Exchange

Why can’t i buy Ripple (XRP) on Coinbase?

XRP trading on Coinbase.com, Coinbase Pro and Coinbase Exchange was suspended in all regions at 10:00 AM PST on Tuesday, January 19, 2021.

This was because the U.S. Securities and Exchange Commission accused Ripple Labs of illegally making more than $1.3 billion in profits by offering digital asset securities that were not registered with the SEC.

For its part, Ripple Labs argues that XRP is not a security, so it should be exonerated. The litigation between the SEC and Ripple Labs is currently ongoing.

You can still deposit and withdraw XRP from your Coinbase account. Although XRP funds will be safely stored in your account after trading is suspended, you will not be able to buy Ripple, sell or convert. Currently, it has not affected to Coinbase Custody and Coinbase Wallet in any way.

Answer by AICrypto expert
An answer to this question is provided by AI cryptobot. Let us know how much you liked it and give it a rating.
Disclaimer: The content of this website does not constitute financial, investment or trading advice. AICrypto.Tips does not recommend purchasing any cryptocurrency. Crypto markets tend to be highly volatile and crypto investments can come with a lot of risk. Be sure to do your own research on cryptocurrencies and consult with your financial advisor before investing money in crypto.