Coinbase, a popular cryptocurrency exchange, is currently investigating issues related to delayed transactions for Ripple (XRP) on its platform. The company confirmed that while some users are facing delays with XRP transfers, buying, selling, and fiat withdrawals are not impacted. This follows a recent incident affecting Stellar (XLM), which was resolved quickly. Additionally, Coinbase is dealing with regulatory scrutiny from the Commodity Futures Trading Commission (CFTC), which has requested customer data regarding interactions with the prediction Market firm Polymarket. In other news, Coinbase has enhanced its subscription service, Coinbase One, now boasting 600,000 members across 42 countries, and partnered with payment solution firm Triple-A to expand cryptocurrency payment options for users.
Coinbase Investigates Ripple (XRP) Sending Delays
On January 14, 2025, cryptocurrency exchange Coinbase announced that they are looking into reports of delayed Ripple (XRP) sends on their platform. In an incident report on their status page, Coinbase acknowledged that some users might be experiencing these issues, but assured them that buying, selling, and fiat withdrawals or deposits remain unaffected. The company is working to resolve this matter and will provide updates soon.
This incident follows a similar issue reported on January 10 when users experienced delays in sending and receiving Stellar (XLM), which was quickly resolved within 90 minutes. Previously, on January 9, users faced latency and degraded performance impacting multiple services, including buying and selling; however, that issue was fixed in just two hours.
Coinbase is also dealing with regulatory challenges. Recent news reveals that the company informed customers about a potential data sharing situation stemming from a subpoena issued by the Commodity Futures Trading Commission (CFTC). This request seeks details about interactions between Coinbase’s users and Polymarket, a prediction Market firm. A Coinbase spokesperson stated that all governmental information requests are carefully assessed before any data is shared.
In other updates regarding Coinbase, the company has partnered with cryptocurrency payments firm Triple-A to enable Coinbase users to make payments to various merchants in the Triple-A network. This partnership aims to enhance payment options and promote wider cryptocurrency adoption. Additionally, Coinbase launched an upgraded subscription service called Coinbase One Premium, which is already attracting a significant global member base.
As Coinbase addresses these ongoing issues and regulatory requirements, their commitment to improving user experience and expanding services is evident. Users experiencing delays are encouraged to remain tuned for further updates from the platform.
Tags: Coinbase, XRP, Ripple, cryptocurrency news, Stellar, CFTC, Polymarket, crypto payments, Triple-A, Coinbase One
What is the issue Coinbase is investigating with XRP delayed sends?
Coinbase is looking into reports that some XRP transactions are taking longer than expected to process on their platform. This could cause delays for users trying to send or receive XRP.
Why are some XRP transactions delayed on Coinbase?
Delays in XRP transactions can happen for various reasons, such as network congestion, technical issues, or factors related to the Coinbase platform itself.
How will users know if their XRP send is delayed?
Users will usually see a notification or an update in their transaction history. If a transaction does not confirm within a reasonable time, users should check the status on their Coinbase account.
What should I do if my XRP send is delayed?
If your XRP transaction is delayed, it’s best to wait a little longer. However, if the delay continues, you can reach out to Coinbase support for assistance.
Will XRP delayed sends affect my funds?
No, delayed sends do not mean your funds are lost. Your XRP is still secure on your Coinbase account, and once the transaction is processed, it will go through as intended.