Is XRP a Security? Coinbase Wallet Mysteriously Delists Ripple’s Native Token

Coinbase has actually revealed the delisting of XRP from the Coinbase wallet. Is it due to the continuous XRP vs. SEC fight?

Today, Coinbase revealed that the Coinbase wallet would no longer support the properties and network of Ripple (XRP), Bitcoin Money (BCH), Ethereum Classic (AND SO ON), and Excellent (XLM). Due to low use, those blockchain networks and their coins will not be supported from Jan 2023.

Previously, in Jan. 2021, Coinbase stopped the trading of XRP in the Coinbase exchange. For this reason XRP is totally off Coinbase, however XLM, BCH, and ETC can be traded on the Coinbase exchange.

The Influence On XRP Cost

There is a panic in the market due to the statement from Coinbase. However there appears to be no influence on the rate of the token. The neighborhood believes that XRP will remain in need with or without Coinbase.

Coinbase has actually supported Ripple in its fight with the Securities and Exchange Commission (SEC). However XRP is now totally off Coinbase, both the exchange and the wallet no longer support it. The crypto neighborhood doesn’t feel confident that the XRP vs. SEC fight will be settled anytime quickly due to such delisting from Coinbase.

While some believe that the action taken by Coinbase has absolutely nothing to do with the status of the XRP vs. SEC case, others are hesitant about the XRP success. Coinbase was carefully associated with the case, so the neighborhood wonders why it would delist XRP unless it had a great notion that Ripple would not beat the SEC. They feel it does not seem like XRP is doing great in the courtroom. This leaves individuals back to the million-dollar concern, Is XRP a security?

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