can't buy xrp on coinbase

Due to regulatory risk and a lawsuit filed by the SEC, Coinbase delisted XRP in 2020, but users can still trade XRP on other exchanges like Binance, Huobi, and Kraken.

Nov 06, 2024 at 11:56 pm

Why Can't I Buy XRP on Coinbase Anymore?

Background:

Coinbase is one of the largest and most popular cryptocurrency exchanges in the world, offering a wide range of cryptocurrencies to its users. However, in 2020, Coinbase delisted XRP, the native cryptocurrency of the Ripple network.

Reasons for Delisting XRP:

Lawsuit by the SEC: In December 2020, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Ripple Labs, the company behind XRP. The SEC alleged that Ripple had raised over $1.3 billion through the sale of XRP in an unregistered securities offering.
Concerns about XRP's Classification: The SEC's lawsuit raised concerns about the classification of XRP as a security. If XRP were classified as a security, it would be subject to additional regulations and might require companies like Coinbase to register with the SEC.
Uncertainty and Regulatory Risk: The ongoing legal battle between the SEC and Ripple created uncertainty and regulatory risk for Coinbase. The exchange decided to delist XRP to protect its users and shareholders from these risks.

Alternatives to Buying XRP:

While Coinbase no longer allows users to buy XRP, there are other exchanges and platforms where XRP trading is still possible. Some popular options include:

Binance
FTX (not available due to bankruptcy)
Huobi
Crypto.com
Kraken

Note: The availability of XRP trading on these exchanges may vary depending on the user's location and other factors. It is always recommended to research and compare exchanges before selecting one for trading.

Impact on XRP Price:

The delisting of XRP from Coinbase had a significant impact on its price. XRP's value dropped by over 60% in the days following the announcement. However, the price has since recovered somewhat and remains one of the top cryptocurrencies by market capitalization.

Conclusion:

Coinbase delisted XRP in 2020 due to concerns related to the SEC lawsuit and regulatory risk. While Coinbase no longer offers XRP trading, other exchanges still provide access to the cryptocurrency. The impact of the delisting on XRP's price was significant but has since diminished as the market has evolved.

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

NXPC

$3.18

113.54%

Trade Now
FAI

$0.0256

30.61%

Trade Now
ISLM

$0.0348

28.12%

Trade Now
KEEP

$0.1123

22.39%

Trade Now
ORBR

$0.1161

17.38%

Trade Now
ATH

$0.0529

16.81%

Trade Now

Latest Crypto News

Trump Coin Price Crashes 6% Today Despite $300M GDC Investment
2025-05-15 16:25:13
SUI Breaks Below $3.80 With Bearish Signals Flashing, Yet On-Chain Data Shows Record Growth in Users and TVL
2025-05-15 16:25:13
ALL4 Mining: The Easiest Way to Mine Cryptocurrency and Earn $50,000 Per Day
2025-05-15 16:20:12
GD Culture Group (GDC) Expands into the Cryptocurrency Market by Raising Up to $300 Million
2025-05-15 16:20:12
PI Coin (PI) Price Soars 92% Ahead of May 14 Ecosystem Update Announcement
2025-05-15 16:15:12
US Democrat lawmakers demand access to SARs on Trump-backed crypto projects
2025-05-15 16:15:12

Related knowledge

How to subscribe to Coinbase price alerts? Set up volatility notifications

May 15,2025 at 02:43pm

Setting up price alerts and volatility notifications on Coinbase can be a valuable tool for any cryptocurrency trader or investor. These features allow you to stay informed about significant price movements and volatility changes in your favorite cryptocurrencies, helping you make timely decisions. In this guide, we will walk you through the process of ...

How to top up Coinbase with Apple Pay? Operational process description

May 14,2025 at 11:42pm

Introduction to Topping Up Coinbase with Apple PayTopping up your Coinbase account using Apple Pay offers a convenient and secure way to add funds to your cryptocurrency wallet. This method leverages the ease of Apple's payment system, allowing you to quickly transfer money from your bank account or credit card linked to your Apple Wallet directly into ...

How to transfer Coinbase assets to a wallet? Detailed steps for withdrawing coins

May 15,2025 at 11:21am

Transferring assets from Coinbase to a personal wallet is a common practice for many cryptocurrency users seeking more control over their funds. This guide will walk you through the detailed steps required to withdraw your coins from Coinbase to your own wallet safely and efficiently. Preparing for the TransferBefore you start the process, it's crucial ...

How to participate in the Coinbase earning program? Get free cryptocurrency

May 14,2025 at 10:56pm

Participating in the Coinbase earning program offers an exciting opportunity for cryptocurrency enthusiasts to earn free cryptocurrency by learning about and engaging with various digital assets. This program, designed by Coinbase, one of the leading cryptocurrency exchanges, allows users to deepen their understanding of blockchain technology while also...

How to recover a Coinbase account? What to do if you forget your password

May 14,2025 at 06:28pm

Forgetting your password or losing access to your Coinbase account can be a stressful experience, especially if you have funds stored in your account. Fortunately, Coinbase offers several methods to help you recover your account and regain access to your digital assets. This article will guide you through the process of recovering your Coinbase account ...

How to withdraw Coinbase balance? Tutorial on withdrawing to a bank account

May 14,2025 at 09:28pm

Withdrawing your balance from Coinbase to your bank account is a straightforward process, but it's essential to understand the steps involved to ensure a smooth transaction. This tutorial will guide you through the process of transferring your cryptocurrency from Coinbase to your bank account, covering everything from verifying your account to completin...