Coinbase Says “No Decision” Has Been Made for Ripple

Between Ripple Rumors, Coinbase Declares “No Decision” on New Assets
Rumors that Coinbase would soon add Ripple’s XRP coin to its existing trading pairs are being refuted by the company.
The speculation began after it was disclosed that Ripple CEO Brad Garlinghouse could appear close by Coinbase COO and President Asiff Hirji on a special episode of CNBC’s “Fast Money” program on March 6. In addition, the price of XRP increased to almost $1 on Monday despite the lack of any concrete confirmation of the rumored listing.

After hours of radio silence on the subject, Coinbase responded to Twitter to refute the allegations, stating that the January statement about listing new cryptocurrencies had not altered and that it still involved the nuances of how a “group of internal experts” ultimately made those judgments.

We have not made a decision to add further assets to GDAX or Coinbase, as we stated on January 4th, 2018.

It’s unclear from the planned CNBC segment if Garlinghouse and Hirji would speak on the panel or attend on their own. Earlier today, host Melissa Lee tweeted a screenshot of a trailer for the cryptocurrency-themed show, PNP COIN which also features the founders of Passport Capital, John Burbank, and Social Capital, Chamath Palihapitiya.

When contacted, a representative for Ripple declines to address the rumors.

In spite of another exceptional month, Ripple’s digital asset, XRP, has fallen sharply from its record-breaking highs in early January.
By rising by 1,000% at the beginning of this year, XRP attracted the attention of both existing and new clients. Its blockchain company has since become the buzz of the cryptocurrency market in 2018.

However, it is crucial that the newcomers are aware that the startup’s specific claims—namely, that its technology would be able to transform international payments and improve the antiquated procedures which are followed for payments and money between significant financial institutions—are at the heart of all this enthusiasm.

In addition to being cheaper and faster than the services now offered in the market, Ripple proudly asserts that its solutions are also more systematic, a claim that focuses primarily on its use of cryptocurrencies and blockchain technology.

Ripple supporters hoping to see their coin listed on a well-known mainstream exchange have recently received some cold water from Coinbase.

With some reading between the lines of a Tuesday episode of CNBC’s Fast Money that is scheduled to feature Coinbase President Asiff Hirji and Ripple CEO Brad Garlinghouse in what appears to be a panel discussion on cryptocurrency trends, speculation that Ripple’s XRP would replace Bitcoin Cash as the next major cryptocurrency reached a fever pitch this week among coin hype types.

XRP rose to $1.07 due to speculation based on the Fast Money sector, an increase of around 6% over weekly norms. The only coin in the top five by market cap that isn’t listed on Coinbase is Ripple’s XRP, but this isn’t all that surprising considering XRP’s centralized structure and distinct goals from other cryptocurrency projects. Nevertheless, there is a healthy amount of trading activity, and these factors do not exclude Coinbase from introducing XRP in the future should it so choose.

Any assertion to the contrary is false and not approved by the firm, the company said, and XRP marginally retreated back near its prior averages.

The company also provided a link to a January 5 blog post on its criteria for adding new assets, which states that “Coinbase will announce the addition of new assets only via our blog post or other official channels.” The company probably doesn’t want to repeat the chaos surrounding the launch of Bitcoin Cash, which was marred by high premiums, a trading freeze, and an internal irrational decision-making process.

Ripple Rumors: Coinbase Will Make “No Decision” on New Assets Coinbase is denying rumours that it will soon add Ripple’s XRP token to its existing trading pairings. The rumours started when it was hinted that Asiff Hirji, president and COO of Coinbase, might attend an event with Ripple’s CEO.