can you buy xrp crypto on coinbase

Coinbase, a prominent cryptocurrency exchange, has discontinued XRP trading due to legal uncertainties stemming from the SEC's lawsuit against Ripple Labs.

Feb 05, 2025 at 12:07 am

Key Points:

1. Coinbase, a leading cryptocurrency exchange, does not support buying or selling XRP.
2. Reasons for Coinbase's decision to delist XRP.
3. Alternatives to Coinbase for purchasing XRP.

Coinbase and XRP: A History

Coinbase and XRP have had a long and tumultuous relationship. Coinbase was one of the first major cryptocurrency exchanges to list XRP in 2017, and it quickly became one of the most popular tokens on the platform. However, in 2020, Coinbase delisted XRP following the SEC's lawsuit against Ripple Labs, the company behind XRP.

Reasons for Coinbase's Decision

Coinbase has not publicly stated its specific reasons for delisting XRP, but it is likely that the SEC's lawsuit played a major role. The SEC alleges that Ripple Labs sold XRP as an unregistered security, and Coinbase may have been concerned about the legal risks associated with continuing to list the token.

In addition to the SEC's lawsuit, Coinbase may also have been concerned about the volatility of XRP. XRP is a highly speculative asset, and its price has fluctuated wildly in recent years. This volatility may have made Coinbase hesitant to continue listing XRP.

Alternatives to Coinbase for Purchasing XRP

There are a number of other cryptocurrency exchanges that list XRP, including:

• Binance
• Kraken
• Huobi
• Bitstamp
• Poloniex

These exchanges are all reputable and offer a variety of features for buying and selling XRP.

Binance is the largest cryptocurrency exchange in the world, and it offers a wide range of features for buying and selling XRP. Binance also has a high level of liquidity, which means that you can easily buy or sell XRP without having to worry about slippage.

Kraken is another popular cryptocurrency exchange that lists XRP. Kraken is known for its security and reliability, and it offers a variety of features for buying and selling XRP. Kraken also has a high level of liquidity, which means that you can easily buy or sell XRP without having to worry about slippage.

Huobi is a Chinese cryptocurrency exchange that lists XRP. Huobi is one of the largest cryptocurrency exchanges in the world, and it offers a variety of features for buying and selling XRP. Huobi also has a high level of liquidity, which means that you can easily buy or sell XRP without having to worry about slippage.

Bitstamp is a Luxembourg-based cryptocurrency exchange that lists XRP. Bitstamp is one of the oldest and most trusted cryptocurrency exchanges in the world, and it offers a variety of features for buying and selling XRP. Bitstamp also has a high level of liquidity, which means that you can easily buy or sell XRP without having to worry about slippage.

Poloniex is a US-based cryptocurrency exchange that lists XRP. Poloniex is one of the largest cryptocurrency exchanges in the world, and it offers a variety of features for buying and selling XRP. Poloniex also has a high level of liquidity, which means that you can easily buy or sell XRP without having to worry about slippage.

FAQs

Q: Why did Coinbase delist XRP?

A: Coinbase has not publicly stated its specific reasons for delisting XRP, but it is likely that the SEC's lawsuit against Ripple Labs played a major role. The SEC alleges that Ripple Labs sold XRP as an unregistered security, and Coinbase may have been concerned about the legal risks associated with continuing to list the token.

Q: Can I still buy XRP?

A: Yes, you can still buy XRP on a number of other cryptocurrency exchanges, including Binance, Kraken, Huobi, Bitstamp, and Poloniex.

Q: Is it safe to buy XRP?

A: XRP is a speculative asset, and its price has fluctuated wildly in recent years. Before buying XRP, it is important to do your own research and understand the risks involved.