Coinbase Businesses

Ripple SEC Lawsuit

Given the SEC’s recent action against Ripple, trading on our XRP order books has been suspended in all regions. You're still able to deposit and withdraw XRP. While XRP funds will remain safely stored in your account after the trading suspension, you will not be able to buy, sell, or convert. There will be no impact to Coinbase Custody or Coinbase Wallet at this time. Learn more about Ripple SEC lawsuit

Coinbase still intends to support Spark airdrop. Learn more.

Given I hold XRP, can you let me know if you plan to delist it? What else should I expect?

In light of the SEC’s lawsuit against Ripple Labs, Inc, Coinbase has made the decision to suspend the XRP trading pairs on Coinbase Exchange, Coinbase Pro, and Coinbase.com in all regions. However, we will continue to support XRP on Coinbase Custody and Coinbase Wallet in all regions.

Trading will move into limit only starting December 28, 2020, and will be fully suspended on Tuesday, January 19, 2021 at 10 a.m. Pacific Standard Time*. We will provide additional updates through the Coinbase Support Twitter account, including if there are any changes to timing.  

As stated above, the trading suspension will not affect customers’ access to XRP Exchange or Custody wallets which will remain available for deposit and withdrawal functionality after the trading suspension. Further, customers will remain eligible for the previously announced Spark airdrop (subject to approval in certain jurisdictions). 

We will continue to monitor legal developments related to XRP and update our customers as more information becomes available. 

*Trading may be halted earlier if needed to maintain our market health metrics. 

 

Was this article helpful?

Can’t find what you’re looking for?

Contact us