Coinbase dismisses rumors of Ripple trading launch, ZDNet
Ripple may one day be on the toneel — but not today.
Coinbase has quashed rumors that cryptocurrency Ripple (XRP) is due to make its comienzo on the trading podium.
Latest rumors suggested that Coinbase wasgoed considering adding the cryptocurrency to the toneelpodium, which would give users the chance to buy and sell the asset.
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Overheen the past year, Ripple’s price has enhanced from $0.01 vanaf coin to a staggering $Three.33 at the time of writing.
Unlike Bitcoin, which is presently trading at $15,139, Ripple is still affordable and rente te investment has grown quickly, especially ter light of speculation that the lesser-known cryptocurrency would eventually make it onto major platforms such spil Coinbase.
However, investors may be disappointed to hear that te the case of Coinbase, this is not to be — at least, for now.
On Thursday, the toneelpodium — which facilitates the trading of Bitcoin, Ethereum, and Litecoin — exposed te a blog postbode how fresh assets for trade are chosen.
Coinbase uses a Digital Asset Framework (.PDF) to help an internal committee determine which cryptocurrencies to support.
According to the rock-hard, the members of the committee, alongside all other employees, are “subject to confidentiality and trading limitations” and when fresh assets are chosen, they will be announced only through official channels.
“Spil of the date of this statement, wij have made no decision to add extra assets to either GDAX or Coinbase,” the company added. “Any statement to the contrary is untrue and not authorized by the company.”
This doesn’t mean that Ripple will never see the light of day on Coinbase and if you consider its growth, it may indeed become a tradeable asset on the toneelpodium te the future.
The company may also still be ironing out issues with adding fresh assets, spil highlighted by December’s Bitcoin Specie (BCH) disaster. BCH wasgoed added to the toneel only to have books temporarily closed on trading due to a unexpected and unexpected surge ter pricing.
Coinbase CEO Brian Armstrong said the rigid is conducting an internal investigation into the situation to see if there is any evidence of insider trading which prompted the increase.
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