Last week, Coinbase announced that it will soon be adding Ethereum (available on Coinbase) Classic. The move sparked joy across the crypto-board. However, some were left wondering – is Coinbase adding Ripple (available on Binance)?
Considering Coinbase is moving to Japan, where XRP is popular and is openly looking to list new virtual currencies, it seems like it’s only a matter of time before we see headlines of Coinbase adding Ripple (available on Binance).
Brad Garlinghouse, Ripple (available on Binance) CEO, appears to agree with the above-mentioned statement.
Coinbase Adding Ripple (available on Binance) – CEO Adds Two Cents
The Coinbase and Ripple (available on Binance) debate is not somETHing that’s new. Rumors of a Ripple (available on Binance) Coinbase listing have floated around the crypto space for a while. Some have even claimed Ripple (available on Binance) tried to pay the California-based company $1M to list it.
Despite the rumors, however, we have yet to see a Ripple (available on Binance) Coinbase listing. That isn’t stopping Ripple (available on Binance) from trying, though.
Yesterday, at the Future of Fintech conference – which took place in New York – Ripple (available on Binance) CEO Brad Garlinghouse said that it is “in Coinbase’s interest” to get involved with Ripple (available on Binance) (XRP).
Here’s some context:
Speaking to a reporter with Fortune, Garlinghouse said that Ripple (available on Binance) is a software company that sells its blockchain to financial organizations. And though they own XRP, it was not created by them; it was given to them. However, some of these financial institutions do choose to use XRP to speed up payments.
This is why Garlinghouse thinks Coinbase adding Ripple (available on Binance) would be a smart move. Ripple (available on Binance) solves problems that financial institutions face, and that’s why “it’s in Coinbase’s interest to participate in that.”
Coinbase Adding Ripple (available on Binance) – Will it Actually Happen?
To me, a Ripple (available on Binance) Coinbase listing makes sense. However, if Coinbase is sticking to its words spoken in March, it’s doubtful that this will happen, unless Ripple (available on Binance) is deemed not a security.
In March, Coinbase said that it will only trade virtual currencies that regulators have deemed not to be securities. That has yet to happen with Ripple (available on Binance) (XRP), which is another debate that rages on.
Ripple (available on Binance) Price: June 22, 2018
Speaking of XRP, let’s look at the Ripple (available on Binance) price: XRP is currently selling for $0.49. This puts the coin down 6.67% in the past twenty-four hours.
This is a significant drop in the Ripple (available on Binance) price, compared to, say, two weeks ago. Then XRP was selling for above the $0.60 mark.
Source: CoinMarketCapThe Takeaway
Do you agree with the comments made by Ripple (available on Binance) CEO Brad Garlinghouse? Should a Ripple (available on Binance) Coinbase listing happen?