‘No decision’ on new assets, Coinbase says among Ripple rumors
Coinbase is resisting stories that Ripple’s XRP token may soon be added to existing trading pairs.
The speculation arose after it was revealed that Coinbase COO and President Asif Hirji may appear up close by Ripple CEO Brad Garlinghouse on CNBC’s “Fast Money” special on March 6. Moreover, despite any strict confirmation of the supposed list, the price of XRP rose to more than $1 on Monday.
After hours of a radio blackout on the issue, Coinbase used Twitter to respond to the rumours, expressing that the January announcement about the inclusion of the new cryptocurrency — which are the exact elements of how a “committee of internal experts” ultimately made these decisions — remains unchanged.
Our statement continues January 4th, 2018: We have not decided to add additional assets to GDAX or Coinbase.
As the CNBC clip has been set up, it’s not clear 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 before 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 accessed.
Ripple has had another great month in which the XRP crypto asset that lost massively against unparalleled rallies in early January just couldn’t hold back.
XRP caught the attention of its clients by launching up to 1,000 percent at the beginning of this year as well as new clients; The blockchain startup became the talk of the crypto industry in 2018.
However, it is necessary for newcomers to realize that the origin of all this enthusiasm is due to specific claims by the startup – specifically, that its technology will be able to change the shape of international payments, improving the old ways that payments and funds are taken between large financial institutions.
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According to Ripple, not only are their products cheaper and faster, but they are proudly endorsing them as the most systemic of services available in the market today, an assertion primarily focused on the use of cryptocurrency and blockchain technology.
Coinbase threw a bit of cold water on Ripple fans eager to see their coin hit the mainstream exchange.
Rumors that Ripple’s XRP will be next in line after Bitcoin Cash hit fever pitch this week among the coin hype types, with some reading between the lines of Tuesday’s segment from CNBC’s Fast Money that is set to feature Ripple CEO Brad Garlinghouse and CEO Coinbase Asiff Hirji in what appears to be a panel discussion on cryptocurrency trends.
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Speculation based on the fast money tranche has pushed XRP to $1.07, nearly 6% more than the weekly average. Ripple’s XRP remains the only currency in the top five by market capitalization not available on Coinbase, despite the centralized nature of XRP and very different goals compared to other crypto projects, its absence is not surprising. With that said, there is a lot of interest in trading and these things do not prevent Coinbase from adding XRP in the future if you choose to do so.
Any statement to the contrary is incorrect and is not authorized by the company.” After the statement, XRP regressed modestly towards its previous averages.
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The company also linked to a January 5 blog post about its criteria for adding new assets. This post states that “Coinbase will only announce the addition of new assets through our blog post or other official channels.” The company likely won’t be eager to repeat the chaos around the introduction of Bitcoin Cash. The support for Coinbase’s latest asset was officially announced quite early on, but the rollout itself was marred by huge bonuses, a trading freeze and an insider trading investigation.
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