It seems that Ripple and their digital asset XRP are simply refusing to leave the headlines these days. The company keeps gathering more and more achievements, and it’s making some impressive money moves as well.
XRP trading is live on Coinbase Pro
Coinbase’s recent announcement triggered massive excitement among XRP and Ripple enthusiasts.
Coinbase revealed that XRP would be listed on Coinbase and currently, trading is available to users located in the US, UK, Canada, Singapore, Australia and the supported nations in the European Union.
“After 10 am on February 25, 2019, we will begin accepting inbound transfers of XRP to Coinbase Pro. We will accept deposits for a minimum of 12 hours before enabling full trading,” Coinbase announced.
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
They continued and told users: “Please note that inbound transfers require the specification of an XRP destination tag. Once sufficient supply of XRP is established on the platform, trading on the XRP/USD, XRP/EUR, and XRP/BTC order books will start in phases, beginning with post-only mode and proceeding to full trading should our metrics for a healthy market be met.”
The announcement triggered more than massive joy among Ripple’s fans, it also led to a surge in the price of the coin and a rise in its market cap of more than a billion dollars in less than an hour, which is pretty impressive.
Ripple is moving vast amounts of XRP
Meanwhile, Ripple has been making its usual moves of transferring XRP to unknown wallets. They moved 161 million XRP which is worth about $52 million. This was made in four separate transactions.
? 30,000,000 #XRP (10,004,257 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet
— Whale Alert (@whale_alert) February 25, 2019
Two transactions have been sent to unknown wallets from Ripple over the counter operation. Usually, they do this each time they sell XRP to institutions so probably this is the case now as well.
? ? 66,500,000 #XRP (22,193,997 USD) transferred from Ripple OTC Distribution wallet to Unknown wallet
— Whale Alert (@whale_alert) February 25, 2019
People are waiting to see whether the Coinbase Pro listing triggers a more significant rise in the coins’ price these days.
