Cryptocurrency investors patiently await decision from Coinbase regarding ripple (XRP) after ‘Fast Money’ rumors quashed.
Cryptocurrency holders have long been awaiting news as to whether or not Coinbase will add popular cryptocurrency “ripple” to Coinbase itself or GDAX, their accredited investors-only exchange. Ripple (XRP) has reached a market cap of over $25 billion as of March 25, 2018. Ripple is the only coin not available on Coinbase that falls within the top five cryptocurrencies by market cap.
An announcement of an upcoming appearance of President and COO of Coinbase, Aiff Hirji, and Brad Garlinghouse, Ripple CEO on CNBC’s “Fast Money” was a major source of rumors and speculation from crypto-enthusiasts, envisioning this appearance might provide information about ripple’s listing. With this excitement, ripple soared.
Ripple declined to comment on this, citing its policy of not responding to rumors or speculation. However, Coinbase released a statement to Twitter explaining that the executives intended to talk about trends in cryptocurrency, and that no final decision had been made regarding ripple.
Coinbase has definitively announced that they will be adding support for ERC20 tokens this year, but questions regarding the specifics of their upcoming listings continue. Despite this, many ripple fans continue to hope for the asset’s addition.
Some experts remain unconvinced of the possibility of ripple making its way to Coinbase due to the platform’s stringent criteria for listing new tokens. Diar’s crypto newsletter explains that the majority of ripple tokens remain with Ripple themselves, negating its opportunity to reside on Coinbase due to their rule stating teams must retain a minority stake.
Coinbase’s process for adding new assets is available for anyone to view on Medium here.
Until then, rumors continue to affect top ERC20 coins such as XRP, EOS, and DASH.