On January 19, 2021, Coinbase announced that it would be suspending XRP trading on its platform. The announcement came after the U.S.
Securities and Exchange Commission (SEC) filed a lAWSuit against Ripple, alleging that the company had engaged in illegal securities transactions. The SEC’s lAWSuit is still ongoing, and it is unclear when or if Coinbase will unsuspend XRP trading.
Coinbase’s decision to suspend XRP trading has caused a great deal of controversy in the cryptocurrency community. Some believe that the SEC’s lAWSuit is unjustified and that Coinbase should not have suspended XRP trading.
Others believe that Coinbase made the right decision and that the SEC’s lAWSuit has merit.
It is still too early to say definitively whether or not Coinbase will unsuspend XRP trading. However, if the SEC’s lAWSuit against Ripple is successful, it is unlikely that Coinbase will reverse its decision.