Coinbase Says ‘No Decision’ on New Assets Amid Ripple Rumors
Coinbase is pushing back against stories that it could soon add Ripple’s XRP token to its current trading pairs.
The speculation comes after Coinbase COO and President Asiff Hirji revealed that he could be seen up close with Ripple CEO Brad Garlinghouse on a special edition of CNBC’s “Fast Money” on March 6. Moreover, despite any hard confirmation of a possible listing, the price of XRP rose above $1 on Monday.
After hours of radio blackouts over the matter, Coinbase took to Twitter to counter the rumors, stating that the January announcement of the new cryptocurrency listing — the subtle elements of how an “internal committee of experts” makes those decisions — had not changed.
Our January 4, 2018 statement continues to stand: we have not decided to add additional assets to GDAX or Coinbase.
As a prepared CNBC segment, it is unclear whether Garlinghouse and Hirji will appear on the panel or appear independently. Host Melissa Lee tweeted a screenshot of a promo for a crypto-themed segment earlier today, which features Passport Capital founder John Burbank and Social Capital founder and CEO Chamath Palihapitiya.
A Ripple representative declined to comment on the rumors when reached.
Ripple saw another remarkable month, with its cryptocurrency asset XRP not able to withstand a significant loss from unprecedented highs in early January.
XRP gained up to 1,000 percent earlier this year, as well as attracting new customers and customers; his blockchain startup became the talk of the crypto industry in 2018.
However, it is important for newcomers to know that at the root of all this enthusiasm are concrete claims of the startup – specifically, that its technology will be able to transform international payments, improve outdated methods of payments and money. among significant financial institutions.
According to Ripple, its products are not only cheaper and faster, but also proudly assert that they are more methodical than the services available in the market today, which primarily emphasizes the use of cryptocurrency and blockchain technology.
Coinbase has thrown some cold water on Ripple enthusiasts who want to see their coin hit the popular mainstream exchange.
Rumors that Ripple’s XRP will be next in line after Bitcoin Cash reached fever pitch this week among coin hype types read between the lines of CNBC’s Fast Money segment featuring Ripple CEO Brad Garlinghouse and Coinbase President Asiff Hirji appears to be a panel discussion on cryptocurrency trends.
Speculation based on the Fast Money segment sent XRP up nearly 6% from its weekly average to $1.07. Ripple’s XRP remains the only coin in the top five by market cap not available on Coinbase, although its absence isn’t all that surprising given XRP’s centralized nature and very different goals compared to other cryptocurrency projects. Still, there is a lot of trading interest, and these things do not prevent Coinbase from adding XRP in the future.
Any statement to the contrary is untrue and not authorized by the company.” Following the statement, XRP modestly retreated back towards its previous averages.
The company also linked to a January 5 blog post on criteria for adding new assets. “Coinbase will only announce the addition of new assets through our blog post or other official channels,” the post said. The company is likely not keen on repeating the chaos surrounding the introduction of Bitcoin Cash. Support for Coinbase’s newest asset was officially announced ahead of schedule, but the launch itself was marred by massive rewards, trading freezes and an internal trading investigation.