Coinbase Pro Denies Ripple Re-listing Rumors, XRP Price Decreases 10%

Coinbase Pro Denies Ripple Re-listing Rumors, XRP Price Decreases 10%

This morning four XRP trading pairs (XRP/BTC, XRP/USD, XRP/GBP and XRP/EUR) appeared on the Coinbase Pro exchange mobile app.

Ripple Re-listing a Result of Technical Error 

When the trading volume recovered quickly, the price of the seventh-largest cryptocurrency rose nearly 12% in just a few minutes.

However, Coinbase Pro moved quickly to end the re-listing rumours.

A tweet stated that due to a technical error, the cryptocurrency is temporarily visible in the app, but that users cannot trade the cryptocurrency.

“As previously announced, coinbase has suspended trading in xrp. due to a technical issue, xrp was temporarily viewable on the coinbase pro mobile app for some customers but was not tradeable.”

With no re-listing insight, XRP has now tracked almost all of the price increase driven by Coinbase.

Ripple Looks for Common Ground with Coinbase

After the US Securities and Exchange Commission alleged in its lawsuit against Ripple that the cryptocurrency was an unregistered security, Coinbase suspended XRP trading and deposits indefinitely on Jan. 19. Previously, many other exchanges also gave up XRP due to regulatory pressure.

After Coinbase recently announced that it was facing a lawsuit from the US Securities and Exchange Commission, many members of the XRP community began pushing the company to re-list XRP to show its support for Ripple.

“I think this would be a good time for coinbase to publicly recognize that the sec is overstepping and make the leap and realist xrp. Yes, you may face a lawsuit, but it’s time the crypto industry stands together and supports each other. I stand with coinbase and ripple.”

Unfortunately, Ripple CEO Brad Garlinghouse and CTO David Schwartz soon allied with their well-known partners. 

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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