“No Decision” on New Coinbase, Coinbase Says Amid Ripple Rumors
Coinbase is pushing back on news that it would add Ripple’s XRP token to its trading portfolio.
The idea started after it was revealed that Coinbase chief operating officer and president Asiff Hirji could appear next to Ripple chief Brad Garlinghouse on a special part of the CNBC “Fast Money” program on March 6. In addition, despite the fact that there is any confirmation of the assumptions, the price of XRP rose above $ 1 on Monday.
Following hours of radio blackout on the matter, Coinbase used Twitter to push back against the rumors, explaining that the January announcement of the list of new cryptocurrencies – who are cautious about how the “committee of experts” finally make those decisions – had not changed.
Our statement of January 4, 2018 continues: we have not decided to add more products to GDAX or Coinbase.
As of a scheduled segment for CNBC, it is unclear whether Garlinghouse and Hirji will speak publicly or will be on the show alone. Host Melissa Lee posted a preview of the crypto-themed segment’s promo earlier today, which also features Passport Capital founder John Burbank and Social Capital founder and CEO Chamath Palihapitiya.
A representative for Ripple refuses to comment on the rumors.
Ripple has seen another great month without enduring its cryptocurrency XRP’s biggest losses compared to the unprecedented highs of early January.
XRP has attracted the attention of its customers by shooting up to 1,000 percent at the beginning of this year and new customers; its blockchain startup has been the talk of the crypto industry in 2018.
However, it is important for the newcomers to know that the root of all this interest is due to the true claims of the founders- in particular, that his technology can change the international reporting, improving the old methods followed for payments and money. among major financial institutions.
According to Ripple, not only is its product cheap and fast, but it also proudly admits that it has more options than the services available on the market today, which emphasizes the use of cryptocurrency and blockchain technology.
Coinbase just threw some cold water on Ripple fans who want to see their coins hit the popular market.
Rumors that Ripple’s XRP will be the next in line after Bitcoin Cash reached the heat of the pitch this week between currency types hype, and read others among the lines on Tuesday’s episode of CNBC’s Fast Money which is scheduled to show Ripple CEO Brad Garlinghouse and Coinbase President Asiff Hirji. in what appears to be a group discussion on cryptocurrency trends.
Opinions based on the Fast Money segment drove XRP to $1.07, up nearly 6% from its weekly level. Ripple’s XRP remains the only coin in the top five with a market cap that is not present on Coinbase, although given the central nature of XRP and very different goals compared to other cryptocurrency services, its absence is not surprising. However, there are many business interests and those factors do not prevent Coinbase from adding XRP in the future should they choose to do so.
Any statement to the contrary is false and is not allowed by the company.” Following this statement, XRP slowly retreated to its previous trend.
The company also linked in a January 5 blog post on its plans to add new products. The post states that “Coinbase will announce the addition of new assets through our blog post or other official channels.” The company probably doesn’t want to repeat the confusion surrounding the launch of Bitcoin Cash. Support for Coinbase’s newest asset was officially announced ahead of time, but the rollout was marred by high fees, trading freezes and internal trading investigations.