“No Decision” on New Assets, Coinbase Says Among Ripple Rumors
Coinbase is pushing back against stories that it may soon add Ripple’s XRP token to its current trading pairs.
The guess originated after it revealed that Coinbase chief operating officer and president Asiff Hirji might show up close by Ripple chief executive Brad Garlinghouse on a special episode of CNBC’s “Fast Money” program on 6th March. What’s more, in spite of any hard confirmation of the presumed listing, the price of XRP rose to over $1 on Monday.
Following hours of radio blackout on the issue, Coinbase used Twitter to push back against the rumors, expressing that the January proclamation about listing new cryptocurrencies – which subtle elements how a “committee of internal experts” eventually make those decisions – hadn’t changed.
Our January 4th, 2018 statement continues to stand: we have not decided to add additional assets to either GDAX or Coinbase.
As prepared CNBC segment, it’s not clear whether Garlinghouse and Hirji will speak on the panel or show up independently. Host Melissa Lee tweeted a screenshot of a promo for the crypto-themed segment prior today, which likewise records Passport Capital founder John Burbank and Social Capital founder and CEO Chamath Palihapitiya.
A representative for Ripple declines to comment on the rumors when reached.
Ripple has seen a further outstanding month not withstand its cryptocurrency asset XRP losing significantly versus unequaled highs in early January.
XRP has won the attention of its customers’ by shooting up to 1,000 percent at the start of this year as well as new clients; its blockchain startup has become the talk of the crypto industry in 2018.
However, it is essential that the newcomers are aware that the root of all this enthusiasm is due to specific claims by the startup- specifically, that its tech would be possible to transfigure international payments, improving the outdated methods which are followed for payments and money between substantial financial institutions.
According to Ripple, not only are its products cheaper and faster but it also proudly endorses them as being more methodical than the services available in the marketplace nowadays, an assert that emphasizes primarily on its use of cryptocurrency and blockchain technology.
Coinbase just threw a bit of cold water on 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 reached a fever pitch this week among coin hype types, with some reading between the lines of a Tuesday segment of CNBC’s Fast Money that’s set to feature Ripple CEO Brad Garlinghouse and Coinbase President Asiff Hirji in what appears to be a panel discussion on cryptocurrency trends.
Speculation based on the Fast Money segment drove XRP up to $1.07, up about 6% from weekly averages. Ripple’s XRP remains the only coin in the top five by market cap that isn’t available on Coinbase, though given XRP’s centralized nature and very different aims when compared to other cryptocurrency projects, its absence isn’t that surprising. Still, there is plenty of trading interest and those things don’t preclude Coinbase from adding XRP in the future were it to choose to do so.
Any statement to the contrary is untrue and not authorized by the company.” Following the statement, XRP slid back modestly toward its previous averages.
The company also linked to a January 5 blog post on its criteria for adding new assets. That post states that “Coinbase will announce the addition of new assets only via our blog post or other official channels.” The company likely isn’t eager to repeat the chaos around the introduction of Bitcoin Cash. Support for Coinbase’s newest asset was announced officially well ahead of time, but the rollout itself was marred by massive premiums, a trading freeze and an internal insider trading investigation.