“No solution” to new assets, Coinbase says amid rumors of Ripple
Coinbase is moving away from stories that it may soon add the Ripple XRP token to its current trading pairs.
The speculation came after revealing that Coinbase chief operating officer and president Asif Hirji could appear close to Ripple CEO Brad Garlinghouse in a special episode of CNBC’s March 6 Fast Money program. Moreover, despite firm confirmation of the alleged listing, the price of XRP rose to over $ 1 on Monday.
After hours of radio outages on the issue, Coinbase used Twitter to dispel rumors, saying the January declaration listing new cryptocurrencies – which fine-tuned how a “committee of internal experts” ultimately made those decisions – hadn’t changed. .
Our statement of January 4, 2018 remains valid: we have not decided to add additional assets to either GDAX or Coinbase.
As a prepared segment of CNBC, it is unclear whether Garlinghouse and Hirji will speak on the panel or appear independently. Host Melissa Lee tweeted a screenshot of a promotion for the crypto-themed segment earlier today, which also featured Passport Capital founder John Burbank and Social Capital founder and CEO Chamat Palihapitiya.
A Ripple spokesman declined to comment on the rumors when they were reached.
Ripple saw an additional exceptional month that could not withstand the loss of its cryptocurrency asset XRP significantly compared to the unsurpassed peaks in early January.
XRP won the attention of its customers, increasing to 1,000 percent earlier this year, as well as new customers; its blockchain launch has become a crypto industry conversation in 2018.
However, it is important for newcomers to realize that the root of all this enthusiasm is due to specific claims of the startup – in particular that its technology will be able to transform international payments, improving outdated methods followed for payments and money between significant financial institutions.
According to Ripple, its products are not only cheaper and faster, but also proudly approve of them as more methodical than the services offered on the market today, a statement that focuses mainly on the use of cryptocurrency and blockchain technology.
Coinbase has just thrown some cold water at Ripple enthusiasts, eager to see their coin hit the popular mass market.
Rumors that Ripple’s XRP will be next on the line after Bitcoin Cash reached a fever this week among coin types, with some reading between the lines on Tuesday’s CNBC Fast Money segment, which will include Ripple CEO Brad Garlinghouse and Coinbase President Asif Hirji in what appears to be a panel discussion on cryptocurrency trends.
Speculation based on the fast money segment led the XRP to $ 1.07, which is about 6% more than the weekly average. Ripple’s XRP remains the only coin in the top five by market capitalization not available at Coinbase, although given the centralized nature of XRP and many different goals compared to other cryptocurrency projects, its absence is not surprising. However, there is a lot of commercial interest, and these things do not stop Coinbase from adding XRP in the future if it decides to do so.
Any claim to the contrary is false and has not been resolved by the company. “After the statement, XRP retreated modestly back to its previous average.
The company also linked to a January 5 blog post about its criteria for adding new assets. This post states that “Coinbase will announce the addition of new assets only through a post on our blog or other official channels.” The company probably does not want to repeat the chaos surrounding the introduction of Bitcoin Cash. Support for Coinbase’s latest asset was officially announced long ago, but the implementation itself was overshadowed by huge premiums, a trade freeze and an internal internal trade investigation.