can coinbase receive xrp

Following the resolution of the SEC's case, Coinbase resumed XRP trading and withdrawals on October 1, 2023, enabling investors to trade and hold their XRP assets once more.

Oct 25, 2024 at 07:07 am

Can Coinbase Receive XRP?1. Coinbase Suspends XRP Trading and Withdrawals

On January 19, 2021, Coinbase announced the suspension of XRP trading and withdrawals due to a lawsuit filed by the U.S. Securities and Exchange Commission (SEC). The SEC alleged that XRP is an unregistered security.

2. Legal Battle and Resolution

Coinbase complied with the SEC's request and froze XRP trading and withdrawals while the case was ongoing. The legal battle lasted for over two years.

3. Settlement Agreement Between SEC and Ripple

On April 22, 2023, Ripple, the creator of XRP, reached a settlement agreement with the SEC. Under the agreement, Ripple paid a $100 million fine and agreed to surrender $200 million of stock awarded to former Ripple employees.

4. Coinbase Resumes XRP Trading and Withdrawals

On October 1, 2023, Coinbase resumed XRP trading and withdrawals. The company notified its users via email and social media platforms.

5. Impact on XRP Price

The resumption of XRP trading and withdrawals had a positive impact on XRP's price. The price of XRP increased by over 40% in the hours following the announcement.

Conclusion

After a two-year hiatus, XRP is now available for trading and withdrawal on Coinbase. The resolution of the SEC's case with Ripple has created uncertainty removed and allowed XRP investors to trade and hold their assets with confidence.

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

SKY

$0.09114

15.27%

Trade Now
AAVE

$185.84

12.59%

Trade Now
ZRO

$1.85

12.39%

Trade Now
VVV

$29.98

9.00%

Trade Now
TIA

$0.4706

8.33%

Trade Now
MORPHO

$2.65

7.63%

Trade Now

Latest Crypto News

Ethereum Foundation Unveils zkAPI: Private AI Access Just Got a New York Twist
2026-10-02 12:45:01
Ethereum zkAPI and Privacy-Preserving API Payments: A New Era of Confidential Transactions
2026-10-02 12:35:01
Drift DFX Recovery Underway: Exploit Victims Begin Claiming Tokens Amid USDT Recovery Pool Efforts
2026-10-02 12:35:01
SEC Custody Reversal: Publishers Catch the News in Under Ninety Minutes While Others Languish
2026-10-02 12:40:02
SEC Explores New Bitcoin Custody Options: State Trust Companies Enter the Fray
2026-10-02 12:40:02
NVIDIA, Ambiq Micro, and the Roundtable 100: A Tale of Underdogs and AI Giants
2026-10-02 08:45:01

Related knowledge

How to Use Bitget Spot Grid Trading to Buy and Sell Within a Defined Price Range?

Oct 02,2026 at 03:19am

Understanding Spot Grid Trading Mechanics1. Spot grid trading operates by placing a series of limit buy and sell orders at predefined price intervals ...

How to Check Whether a MEXC Futures Order Was Executed at the Trigger Price?

Oct 02,2026 at 01:20pm

Understanding Trigger Price Execution in MEXC Futures1. MEXC Futures supports conditional orders including stop-market, stop-limit, and trailing-stop ...

How to Place a MEXC Futures Close-Limit Order at a Specific Exit Price?

Oct 02,2026 at 05:40am

Understanding Close-Limit Orders on MEXC Futures1. A close-limit order is a type of conditional order used exclusively to exit an existing position at...

How to Use MEXC Limit Orders to Avoid Buying an Altcoin During a Price Spike?

Oct 02,2026 at 11:00am

Understanding Limit Orders on MEXC1. A limit order instructs the exchange to execute a trade only at a specified price or better, ensuring control ove...

How to Set a MEXC Futures Stop-Loss and Take-Profit in One Order?

Oct 01,2026 at 02:00pm

Understanding MEXC Futures Order Types1. MEXC supports conditional orders for perpetual and quarterly futures contracts, enabling traders to define pr...

How to Cancel an Unfilled Gate.io Futures Order Without Closing Other Positions?

Oct 01,2026 at 07:40pm

Bitcoin Halving Mechanics1. Bitcoin’s protocol enforces a fixed issuance schedule where block rewards are cut in half approximately every 210,000 bloc...