XRP Tops Cryptocurrency Price Gains After Coinbase and ETN Rollout
Coinbase releases trading for New York residents in a move which sparked a 22% XRP price move.
Amid bitcoin’s (BTC) ongoing bull market, XRP topped the day’s best performers on Tuesday following the news, XRP/USD delivering up to 22% gains in the 24 hours to press time.
Coinbase Pro had originally rolled out XRP support on its platform in February.
“There is a lot of interest in cryptocurrencies,” Jürgen Dietrich, the exchange’s director of blue chips and funds trading, said in an accompanying press release.
“These ETNs will allow investors in Germany to track future price developments of the two cryptocurrencies Litecoin und Ripple through exchange-traded securities for the first time.”
Stuttgart is Germany’s second-largest stock exchange, with Cointelegraph previously reporting about the changing appetites towards crypto more widely among German regulators this month.