After months, if not many years of waiting, XRP holders were blessed Monday morning. Coinbase Pro, one of the world's most respected and exploited stock exchanges, added Ripples go-to asset.
Per a message from the San Francisco-based startup, headed by "When XRP ?? Now!", The popular crypto competition will be available to Pro users in the United States (saved for the New York state), the United States, most EU countries, Canada, Singapore and Australia. Other supported jurisdictions may be added at a later date.
From now on, Pro, Coinbase's bigwig-centric platform will accept incoming XRP deposits to its platform. The payment period is expected to last for approx. 12 hours before the company opens its order books for full trading.
However, the company does not open order books until a sufficient supply of XRP is deposited on the stock exchange to avoid dropping due to lack of liquidity, among other things. The order books to open include the XRP / USD, the XRP / EUR and the BTC pair.
As with Pro's other recent lists, which with Maker (MKR), Basic Attention Token (BAT) etc. are opened in four phases. The phases are as follows:
- Transfer Only – Crypto Competition Only
- Post-only – This phase will allow investors and customers of Pro to place boundary rules for the XRP trading pairs. Order books will be in post-only mode for at least one minute.
- Restriction only – This is the final step before full trade. This phase will see Coinbase's trading engine matching match orders but not market orders. Order books will be in limit-only mode for at least ten minutes.
- Full Trading – In the last phase there will be full trading service, including border, market and stop orders.