Why Can’t I Purchase or Sell XRP on Coinbase in 2022? When Will It Return?

By Jivika On May 9, 2022

For those of us who can’t purchase or trade XRP on Coinbase in 2022, do you want to know why it isn’t functioning for you and when it will be fixed?

Table of Contents

Ripple – What Is It?

Dogecoin and Ethereum aren’t the only digital currencies worth investing in 2022, but both indicate promising returns to investors.

Another cryptocurrency, Ripple, is also known for its ticker code XRP. However, it’s the opposite of our beloved Bitcoin regarding privacy and decentralization.

As far back as 2022, Ripple Labs designed XRP as a mechanism for banks, forex investors, and other financial organizations to transfer money quickly.

A SWIFT-style currency, this one functions more like a standard kind of international money transmission than any other Cryptocurrency.

Buying XRP on Coinbase 2022

Coinbase is a safe and simple way to trade cryptocurrencies.

Coinbase has a website and a mobile app.

You may get Coinbase for Android or iOS from the app stores. You must first open a Coinbase account. Once your account is set up, you may start trading Crypto.

But you can’t trade XRP on Coinbase. That implies you can’t swap it in. It’s not possible now. Both Coinbase and Coinbase Pro have XRP listed, but you can only view the price chart.

Trading in XRP has been banned in the US, NY, EU, UK, and CA/SG following recent SEC action against Ripple. It works on Coinbase and Coinbase Pro.

Selling XRP on Coinbase

Since January 19, 2021, XRP trading has been halted due to SEC proceedings. You can no longer trade Ripple on Coinbase.com, Coinbase Pro, or its mobile app.

Users can still access their XRP balance, deposit it, and send it to others. If you want to sell XRP for a profit or don’t want it in your Coinbase account, you can move it to other wallets.

Coinbase also offers an XRP airdrop of sparks tokens.

Can I buy XRP on Coinbase?

This is due to the SEC’s lawsuit against Ripple.

Trading has been halted in all Coinbase-supported territories. You can’t buy, sell, or convert it, according to help.coinbase.com.

This suspension will not impact Coinbase custody and Coinbase wallet; only Coinbase and Coinbase Pro will be suspended.

When Will XRP Return to Coinbase

A halt of XRP trading is in force until further notice, according to the official Coinbase website.

No one knows when the litigation will end or what the court will rule. We don’t know when XRP will return to Coinbase.