XRP Will get Re-listed Quickly on Coinbase Professional On account of ‘Technical Points’

XRP is relisted on Coinbase, however In brief
Due to “Technical Points,” Coinbase, the US-based cryptocurrency exchange, seemed to relist Ripple’s token XRP on its Coinbase Professional platform on Thursday; however, this listing was merely transient. XRP/USD, XRP/EUR, XRP/GBP, and XRP/BTC combinations showed up as tradeable on the platform, as reported by users who took to social media. The announcement caused a momentary spike in the price of XRP, but it soon declined when Coinbase acknowledged that its estimates of the re-listing were inaccurate and that it was the consequence of a technical error. “As previously announced, Coinbase has stopped selling and buying XRP. Coinbase Professional said on Twitter that “XRP was momentarily displayed on the Coinbase Professional mobile app for select customers due to a technical glitch, but it was not tradeable.”
Nonetheless, the argument failed to convince a number of individuals within the cryptosphere. Following the US Securities and Trade Commission’s (SEC) recent threats against the cryptocurrency industry, several speculated on social media that Coinbase may have decided to ‘troll’ the SEC in an attempt to have a case filed. Currently, it seems as though Coinbase is desperate to battle the SEC. I’m excited to watch them destroy these hallway displays, so good for them,” @SplitCapital tweeted.
This Thursday, the US Securities and Exchange Commission (SEC) announced that it may file criminal charges against the US-listed bitcoin exchange for breaking security laws if it proceeds with its Lend initiative. Through the Lend initiative, users can earn interest on their cryptocurrency holdings. The product is ready to pay a 4% dividend to holders who lend their stablecoin USD Coin (USDC) to Coinbase, even though it is not yet publicly accessible. However, the launch has been postponed until October because of the SEC’s turmoil.
At the close of 2020, Coinbase announced that it would cease purchasing and disposing of XRP on January 19. Following the Securities and Exchange Commission’s (SEC) lawsuit against Ripple and its management, the announcement was made.