XRP surges as coinbase adds support for New York residents

Blockstuffs . 3 mins read . May 15, 2019

XRP has recently launched trading for New York residents using Coinbase.

 The news was shared as a tweet which announced that New Yorkers could buy, sell, convert, send, receive or store XRP on platform’s website, Coinbase.com. Users can also use iOS and Android mobile apps to trade XRP.

 After the announcement, the price of XRP has jumped over 20 percent and risen to $0.403.

 Initially Coinbase made a decision to list XRP in February this year. Since then, the exchange has added support for XRP for its retails platform whereby, the residents of the UK and New York were excluded.

 Previously, Coinbase announced it will be supporting 30 assets on the custody platform among which 20 would be added within the first few months of 2019.

 The exchange's list of supported cryptocurrencies has surely continued to grow. Currently, it supports, bitcoin (BTC), bitcoin cash (BCH), ether (ETH), ethereum classic (ETC), litecoin (LTC), Circle’s USDC stable coin, zcash, Brave’s Basic Attention Token (BAT), among others.

 Coinbase has also offered a “fast and free” payment service using XRP and USDC stable coin.

Many altcoins are profiting from Bitcoin’s current bull-run of Bitcoin which is currently hovering around $8000. XRP also got to witness the surge of the recent crypto market.

 Whether it's coinbase listing XRP or Bitcoin’s soar, the price of XRP has increased.  

What do you think is the reason? Drop your comments.