“No decision” on new assets, Coinbase says 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 originated after it was revealed that Coinbase COO and Chairman Asiff Hirji might 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 topic, Coinbase took to Twitter to push back against the rumours, saying that the January proclamation about listing new cryptocurrencies, which are subtleties about how an “internal committee of experts” eventually makes those decisions, hadn’t changed.

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

As a prepared CNBC segment, it is 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 does not support its XRP cryptocurrency asset losing significantly against all-time highs in early January.
XRP has gained attention from its customers by shooting up 1,000 percent earlier this year, as well as new customers; 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 is due to specific claims by the startup, specifically, that its technology could transform international payments, improving the obsolete methods followed for payments. and the money. between 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 primarily emphasizes the use of cryptocurrency and blockchain technology. blocks.

Coinbase has just thrown some cold water at Ripple enthusiasts eager to see their coin hit the popular mainstream exchange.

Rumors that Ripple’s XRP would be next in line after Bitcoin Cash hit a high point this week among coin types, with some reading between the lines from 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 discussion board on cryptocurrency trends.

Speculation based on the Fast Money segment took XRP to $1.07, up 6% from the weekly averages. Ripple’s XRP remains the only coin in the top five by market cap that is 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 commercial interest and those things do not stop Coinbase from adding XRP in the future if it decides to do so.

Any statement to the contrary is false and not authorized by the company.” Following the statement, XRP modestly retraced back 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 around 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.