Coinbase Says "No decision" Built for Ripple

“No decision” on new asset, Coinbase says amid Ripple rumors

Coinbase rejects rumors that it may soon add Ripple’s XRP token to its current trading pairs.

The speculation comes after it was revealed that Coinbase COO and President Asiff Hirji may appear next to Ripple CEO Brad Garlinghouse on a special episode of CNBC’s “Fast Money” on March 6. Moreover, despite any firm confirmation of the assumed listing, the price of XRP rose to over $1 on Monday.

After an hours-long radio blackout on the matter, Coinbase took to Twitter to deny the rumors, saying that its January declaration of new cryptocurrency launches — which subtle elements of how a “committee of internal experts” ultimately makes those decisions — had not changed.

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

As a prepared CNBC segment, it is unclear whether Garlinghouse and Hirji will speak on the panel or appear independently. Host Melissa Lee tweeted a clip of promotional material for the previous day’s cryptocurrency-themed segment, which also featured Passport Capital founder John Burbank and Social Capital founder and CEO Chamath Palihapitiya.

A representative for Ripple refuses to comment on the rumors when they come.

Ripple saw another outstanding month that didn’t hold up for its cryptocurrency XRP, which lost significantly from its unbeaten highs in early January.

XRP won the attention of its customers by increasing up to 1000 percent at the beginning of this year, as well as new customers; his blockchain startup became the talk of the crypto industry in 2018.

However, it is important for newcomers to be aware that the root of all this enthusiasm lies in the startup’s specific claims – specifically, that its technology could transform international payments, improving the outdated methods followed for payments and money. between significant financial institutions.

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

Coinbase just threw some cold water on Ripple enthusiasts eager to see their coin hit the popular mainstream exchange.

Ripple’s XRP is rumored to be next in line after Bitcoin Cash reached a fever pitch among coin types this week, with some reading between the lines of Tuesday’s CNBC Fast Money segment that will feature Ripple CEO Brad Garlinghouse and Coinbase President Asif Hirji in, it seems, to a panel discussion on cryptocurrency trends.

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

Any statement to the contrary is untrue and not endorsed by the company.” After that statement, XRP slipped modestly towards its previous averages.

The company also linked to a Jan. 5 blog post about its criteria for adding new assets. The post states that “Coinbase will only announce the addition of new assets via our blog post or other official channels.” The company probably doesn’t want to repeat the chaos surrounding the introduction of Bitcoin Cash. Support for Coinbase’s newest asset was officially announced well ahead of time, but the rollout itself was marred by huge premiums, trading freezes and an internal investigation into insider trading.