Added to Coinbase Supply $99,004,973 XRP: More Information

Major Crypto Exchange Coinbase has added 35,122,576 XRP worth $99,004,973 to its supply.

This comes when the whales deposit XRP stashes into the crypto exchange in recent times. According to the Blockchain Data Tracker Whale Alert, 35,122,576 XRP worth $99,004,973 has been transferred from an unknown wallet to Coinbase Crypto Exchange.

This follows the trends in large transactionality seen in XRP at the start of September. On September 1, the whale alert reported that it would equal 236,982,903 XRP, worth $654,339,020, and 254,05,694 XRP, worth 706,05,694 XRP.

On September 1st, Ripple unlocked 1 billion XRP in the usual way from escrows in three tranches: 500 million XRP, 300 million XRP and 200 million XRP.

XRP had a higher trade at $2.84 at the time of writing.

Crypto wins as SEC, CFTC issues joint statement

According to Crypto Reporter Eleanor Terrett, the US Securities and Exchange Commission (SEC) and the CFTC have issued a joint statement in a rare move that clarifies that exchanges registered with the SEC and CFTC are not prohibited from promoting the trading of certain spot Crypto Asset products.

The SEC’s trading and market division and the CFTC’s market monitoring and liquidation and risk division have announced the ministry cross-agency initiative to promote the SEC’s projects Crypto and CFTC’s crypto sprint and coordinate efforts to enable trading of specific spot Crypto asset products.

“Market participants are required to freely choose where to trade spot crypto assets,” Terrett quoted a statement from SEC Chairman Paul Atkins.