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XRP Trading Officially Live on Coinbase As Ripple Moves $52 Million in Crypto

February 26, 2019

XRP trading has officially launched on Coinbase, paired with Bitcoin, the US dollar and the euro. Trading is initially available to users in the US (excluding New York), the UK, Canada, Singapore, Australia and supported nations in the European Union.

The XRP/USD, XRP/EUR, and XRP/BTC order books are now in full-trading mode. Limit, market and stop orders are all now available.

— Coinbase Exchange ?? (@CoinbaseExch) February 26, 2019

Meanwhile, Ripple is firing off millions of dollars in XRP. In total, the company has moved 161 million XRP worth about $52 million in four separate transactions.

Two of those transactions were sent to unknown wallets from Ripple’s over-the-counter operation, which the company uses to sell XRP to institutions.

? 30,000,000 #XRP (10,004,257 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet

Tx: https://t.co/0WuiMcOQgX

— Whale Alert (@whale_alert) February 25, 2019

? ? 66,500,000 #XRP (22,193,997 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet

Tx: https://t.co/VE9vEz1oVU

— Whale Alert (@whale_alert) February 25, 2019

So far this year, Ripple’s over-the-counter wallets have been moving XRP at a steady pace. In 2018, Ripple hit a company record for the most amount of XRP sold in a year, selling $535 million. Of that $535 million, the company says $171 million XRP was sold directly to institutions.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.