Coinbase Pro Accidentally ‘Re-Lists’ XRP Amid Spat with SEC

Altcoins Coinbase Ripple Trading XRP
Last updated:
Author
Author
Fredrik Vold
About Author

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Source: Adobe/vitpluz

After first de-listing XRP in January over fears of a regulatory crackdown on the cryptocurrency, several users of the US-based major crypto exchange Coinbase Pro took notice last night that the exchange seemed to have re-listed it. But the joy over the apparent listing was short-lived, with the exchange shortly after denying any listing of XRP.

However, XRP managed to spike sharply following the reports but crashed soon after. At 09:08 UTC, XRP trades at USD 1.09 and is down by 3% in a day and 13% in a week.
 

Source: coingecko.com

The news of what appeared to be a re-listing of XRP by Coinbase Pro was widely shared on Twitter today, after several users noticed that the trading pairs XRP/USD, XRP/EUR, XRP/GBP, and XRP/BTC were viewable on the popular trading platform.

https://www.twitter.com/CryptoCobain/status/1436142111842316289

Going even further, some users also showed that they were acting on the news, sharing their own trade set-ups to take advantage of a potential pump in the coin. Unfortunately for one popular trader LomahCrypto, the whole listing news turned out to be a false alarm:

Shortly after, Coinbase Pro came out with their own statement to clarify the issue, saying XRP became “viewable” but “not tradeable” due to “a technical issue.”

Before the clarification from Coinbase Pro came, however, several members in the crypto community discussed whether the “re-listing” was simply an attempt from Coinbase to troll the Securities and Exchange Commission (SEC), following the regulator’s threat to sue Coinbase over its planned lending feature.

The transparency about this threat from Coinbase’s side over the spat with the regulator made many in the community sympathetic with them, thus giving community members great joy in speculating last night that the exchange is “itching to get in a fight with the SEC.”

Regardless of whether the re-listing was a subtle attempt at trolling with the powerful regulator or simply a technical error, crypto Twitter certainly got its daily dose of confusion and fun.

___
Learn more: 
Coinbase Tries to Claw Back ‘Trust’ with Bitcoin Handouts after 2FA Gaffe 
‘Locked-Out’ Users Sue Coinbase For North of USD 5M

XRP to Resume Trading on Japanese Exchange, Ripple-SEC War Continues
Settlement Is Most Likely Outcome in Ripple vs. SEC Case – Attorney

More Articles

Blockchain News
EU Watchdog ESMA Proposes Mandatory Knowledge Checks for Crypto Firms
Shalini Nagarajan
Shalini Nagarajan
2025-02-18 08:34:44
Blockchain News
OKX Secures MiCA License, Expands Crypto Services Across 28 EEA Nations
Tanzeel Akhtar
Tanzeel Akhtar
2025-02-18 08:00:00
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors