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Coinbase Says “No Decision” Has Been Made for Ripple

“No Decision” on New Assets, Says Coinbase Amid Ripple Rumors
Coinbase is pushing back on stories that it could soon add Ripple’s XRP token to its current trading pairs.
The speculation originated after it was revealed that Coinbase COO and Chairman Asiff Hirji could appear near Ripple CEO Brad Garlinghouse on a special episode of CNBC’s “Fast Money” on March 6. . Furthermore, despite any concrete confirmation of the alleged listing, the price of XRP rose above $1 on Monday.

After hours of radio blackout on the subject, Coinbase took to Twitter to push back on the rumors, saying that the January proclamation about listing new cryptocurrencies, which are subtle elements of how an “internal committee of experts” ultimately makes those decisions, had not changed.

Our statement from January 4, 2018 still stands: we have not decided to add any additional assets to either GDAX or Coinbase.

As a prepared CNBC segment, it’s unclear if Garlinghouse and Hirji will speak on the panel or appear independently. Host Melissa Lee tweeted a screenshot of a promo for the crypto-themed segment earlier today, which also features Passport Capital founder John Burbank and Social Capital founder and CEO Chamath Palihapitiya.

A Ripple representative declines to comment on the rumors when contacted.

Ripple has seen another outstanding month that can’t stand seeing its cryptocurrency asset XRP lose significantly from unrivaled highs in early January.
XRP has gained the attention of its clients by skyrocketing as much as 1,000 percent earlier this year, as well as new clients; His blockchain startup has become the talk of the crypto industry in 2018.

However, it is essential for newcomers to be aware that the root of all this enthusiasm stems from specific claims by the startup, specifically, that its technology would be able to transfigure international payments, improving on outdated methods used for payments. and the money. among major financial institutions.

According to Ripple, its products are not only cheaper and faster, but it also proudly endorses them as being more methodical than services available on the market today, a claim that mainly emphasizes the use of cryptocurrency and chain technology. of blocks.

Coinbase has just thrown some cold water on Ripple enthusiasts eager to see their coin make it to the popular major exchange.

Rumors that Ripple’s XRP would be next in line after Bitcoin Cash hit a fever pitch this week among coin types, with some reading between the lines of a Tuesday segment of CNBC’s Fast Money featuring the CEO. of Ripple, Brad Garlinghouse, and the president of Coinbase, Asiff Hirji. in what appears to be a panel discussion on cryptocurrency trends.

Speculation based on the Fast Money segment led XRP to $1.07, 6% higher than the weekly averages. Ripple’s XRP remains the only coin in the top five by market cap not available on Coinbase, though given the centralized nature of XRP and its vastly different goals compared to other cryptocurrency projects, its absence is not all that surprising. Still, there is a lot of trading interest and those things don’t stop Coinbase from adding XRP in the future if it decides to.

Any statement to the contrary is false and not authorized by the company.” Following the statement, XRP retraced modestly towards its previous averages.

The company also linked to a January 5 blog post about its criteria for adding new assets. That post states that “Coinbase will announce the addition of new assets only through our blog post or other official channels.” The company is likely not eager to repeat the chaos surrounding the introduction of Bitcoin Cash. Support for Coinbase’s newest asset was officially announced well in advance, but the launch itself was marred by massive premiums, a trading freeze, and an internal insider trading investigation.

‘No Decision’ On New Assets, Coinbase Says Amid Ripple Rumors Coinbase is pushing back on stories that it could soon add Ripple’s XRP token to its current trading pairs. The conjecture originated after he revealed that Coinbase COO and Chairman Asiff Hirji could appear near the Ripple boss.