Ripple (XRP) Violates Coinbase Listing Rule

Coinbase added support for the third largest cryptocurrency Ripple (XRP) on its professional trading platform Coinbase Pro yesterday. However, Ripple is found violating one rule of Coinbase policies published in a report by the research firm Diar.

Coinbase one policy stated that the team of any cryptocurrency is holding a minority part of total coins. Ripple found holding around 60 percent that will be released according to the fixed schedule.

Coinbase announced that the exchange is added support for Ripple (XRP) on its professional trading platform Coinbase Pro in a blog posted on 25 Feb. Coinbase Pro added three trading pairs for Ripple i.e, XRP/BTC, XRP/USD, XRP/EUR.

Ripple (XRP) support is currently added for Coinbase Pro users in the US (excluding NY), UK, supported European Union member nations, Canada, Singapore, and Australia. Other regions will be added later.

After the listing news Ripple get some upward momentum and made a day high of $0.34. The cryptocurrency XRP is now trading at $0.31.

According to a report launched by Ripple in Q4, The firm sold more than $535 million worth of XRP coins. 

Bitcoinik reported that Binance will list the Fetch (FET) token on 28 Feb. Good news for Cryptopia users the cryptocurrency exchange Cryptopia will reopen before Monday.