what network does coinbase use for xrp

Coinbase leverages the Ripple Consensus Ledger for its XRP transactions, enabling fast, scalable, and low-fee transactions via a decentralized network of validator nodes.

Nov 02, 2024 at 07:08 pm

Network used by Coinbase for XRP

Ripple Consensus Ledger (RCL)

Coinbase primarily uses the Ripple Consensus Ledger (RCL) for XRP transactions. Here's an overview of RCL:

Consensus Mechanism: RCL employs a unique consensus protocol called the XRP Ledger Consensus Protocol (XLCP). This protocol uses a decentralized network of validator nodes to verify and validate transactions in a secure and efficient manner.
Transaction Speed: The RCL is optimized for fast and scalable transactions. XRP transactions typically settle in a matter of seconds, making it a suitable option for real-time payments and other time-sensitive applications.
Fees: XRP transactions are subject to minimal transaction fees, which are typically a fraction of a penny. This makes it an attractive option for small-value transactions.

Fidelity Digital Assets (FDA)

In addition to the native RCL, Coinbase also utilizes the services of Fidelity Digital Assets (FDA) for custody and execution of XRP transactions. FDA provides a secure and compliant platform for Coinbase to manage its XRP holdings and facilitate trades.

Here's a summary of network usage by Coinbase for XRP:

Network	Purpose
Ripple Consensus Ledger (RCL)	Primary transaction network; provides speed, efficiency, and low fees
Fidelity Digital Assets (FDA)	Custody and execution services; ensures security and compliance

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

RAIN

$0.007852

113.00%

Trade Now
PIPPIN

$0.06097

51.96%

Trade Now
PARTI

$0.1396

42.04%

Trade Now
WAVES

$0.9141

41.69%

Trade Now
ARC

$0.04302

35.73%

Trade Now
HONEY

$0.01029

21.80%

Trade Now

Latest Crypto News

Cango Stock, BTC Miner, Holdings Sold: A $305 Million Leap into the AI Unknown
2026-02-10 01:05:01
Cryptocurrency Development Enters a New Era: The Quest for Real Adoption Intensifies
2026-02-10 01:05:01
AO Cryptocurrency and AI Coins Poised for 2026 Growth: A Deep Dive into Intelligent Automation
2026-02-10 01:00:02
New York Buzz: Trivia Nights Offer Free Drinks and Fun for All Local Event Goers
2026-02-10 01:00:02
Bitcoin's Rollercoaster: Strategy Navigates Losses Amidst Aggressive Accumulation
2026-02-10 00:55:01
Turkey's Tether Freeze Sparks Safe Haven Rethink: Is True Security Quantum-Proof?
2026-02-10 00:50:01

Related knowledge

How to buy JasmyCoin (JASMY) on Bybit?

Feb 09,2026 at 03:40am

Creating a Bybit Account1. Navigate to the official Bybit website and click the 'Sign Up' button located in the top-right corner. 2. Enter a valid ema...

How to contact Bybit customer support for urgent help?

Feb 05,2026 at 11:40pm

Accessing Bybit Support via Live Chat1. Log in to your Bybit account using the official website or mobile application. 2. Navigate to the Help Center ...

How to buy Injective (INJ) on Bybit in 2026?

Feb 09,2026 at 05:39pm

Account Registration and Verification Process1. Navigate to the official Bybit website and click the “Sign Up” button located in the top-right corner....

How to use Bybit Dual Asset investment for high yield?

Feb 06,2026 at 12:20am

Understanding Bybit Dual Asset Investment Mechanics1. Dual Asset Investment is a structured product offered by Bybit that combines a stablecoin deposi...

How to fix Bybit login issues quickly?

Feb 09,2026 at 06:00am

Troubleshooting Common Authentication Errors1. Incorrect credentials often trigger immediate rejection during Bybit login attempts. Users frequently o...

How to buy Aptos (APT) on Bybit today?

Feb 06,2026 at 07:40am

Creating a Bybit Account1. Navigate to the official Bybit website and click the “Sign Up” button located at the top right corner of the homepage. Ente...