XRP Trading Officially Live on Coinbase As Ripple Moves $52 Million in Crypto
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 Pro (@CoinbasePro) 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
— Whale Alert (@whale_alert) February 25, 2019
🚨 🚨 66,500,000 #XRP (22,193,997 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet
— 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.
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