In line with a recent official ‘web-blog‘ post published, United States renowned cryptocurrency exchange Coinbase now supports Ripple [XRP] to its retail platform and mobile applications.
The announcement further states that Coinbase users would be now able to purchase, sell, convert, send, receive, and store Ripple [XRP] on [coinbase.com] along with its Android and iOS applications.
Moreover as usual, the service reportedly will be available for most jurisdictions, but at present time period, it’ll not be offered for the residents within New York and United Kingdom.
Earlier on 25th Feb., the exchange ‘proclaimed‘ its support for Ripple [XRP] on its Coinbase pro platform. However, within the announcement Coinbase expressed that full trading of Ripple [XRP] would be offered to customers within the U.S., Canada, E.U., U.K., Singapore and Australia, whereas conjointly planing to expand its services to other countries in the upcoming days.
Following the news, blockchain analysis firm ‘Diar’ revealed a report stating that Ripple [XRP] is violating one among the basic ‘Coinbase’s‘ ‘listing rules‘. Per the report, in its “Digital Asset Framework,” Coinbase states that “the possession stake maintained by the team is a minority stake,” whereas Ripple [XRP] supposedly holds around 60% of the total supply in escrow with a release schedule.