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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.

Is there any immediate impact before Tuesday, January 19 2021?

XRP trading on Coinbase Pro has moved into limit-only* on December 28, 2020, and has been fully suspended for both Pro and Coinbase.com* on Tuesday, January 19, 2021 at 10 a.m. Pacific Standard Time. We’ll provide additional updates, if any, through the Coinbase Support Twitter account.  

What happened on Tuesday, January 19 2021 at 10 AM PST?

Trading has been suspended* on Coinbase.com, Coinbase Pro and Coinbase Prime. Any XRP in your account remains securely stored in your Coinbase account. Though you're unable sell your XRP or trade/convert it for fiat and withdraw the fiat to your linked bank account, you do have the ability to view any XRP balance, deposit XRP to your account, and send XRP to a wallet outside your account. There is no impact to Coinbase Custody, Coinbase Wallet, or Coinbase Commerce at this time.

Will this trading suspension be permanent? 

This trading suspension is in effect until further notice.

Have you changed your decision to support the Spark airdrop?

Coinbase has committed to facilitating the airdrop of Spark tokens to eligible XRP holders (subject to approval in certain jurisdictions) at a future date. We'll provide updates if that changes. At this time, you'll remain eligible for the previously announced Spark airdrop. More details about the Spark airdrop, including available jurisdictions and functionality will be provided at a later time. 

Which Coinbase products will be impacted?

At this time, the trading suspension only impacts Coinbase, Coinbase Pro, and Coinbase Prime customers. There are no current impacts to Coinbase Wallet, Coinbase Commerce, or Coinbase Custody.

* Applicable to all regions

 

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