For Coinbase, the reason for dropping XRP as a traded asset was simple: As the company seeks to go public, being a platform for something that's potentially a security would mean adding more paperwork simply so it could be legally allowed to let retail customers buy and sell a single cryptocurrency.

Why is Coinbase removing XRP?

exchange Coinbase said on Monday it would suspend trading in the digital currency XRP after US regulators last week charged associated blockchain firm Ripple with conducting a US$1.3 billion unregistered securities offering. ... Ripple created and sold XRP, the third-biggest cryptocurrency by market value.

Why is XRP getting delisted?

The cryptocurrency exchanges Crypto.com, Coinbase, and OKCoin said this week that they were suspending trading of the XRP token following a Securities and Exchange Commission complaint against its developer, Ripple Labs.