Ripple on Coinbase is one of the most talked about topics lately in the crypto space. Ripple has been experiencing a big run-up in its price since December of last year and this has made investors and traders believe its high time Ripple gets listed on Coinbase. Coinbase operates in 32 countries making it one of the most respectable cryptocurrency exchanges. In December 2017, they added Bitcoin Cash and this made headlines as its price went to the moon. Till now, Ripple on Coinbase remains just speculations. Amid these speculations, Coinbase has not made an official statement yet.
Ripple on Coinbase?
The stakes are very high for the following reasons;
In November of 2017, during an interview with the Financial Times, the head of GDAX (Coinbase’s baby exchange company) said they get too much pressure to add more coins to the exchange. Though he thinks these are valid requests because failure to add more coins entails the coins will get traded on other competing exchanges, he also made it clear they will not be adding hundreds of coins but just a handful. It should be noted that GDAX is a baby company of Coinbase which started trading Bitcoin Cash when it got added on Coinbase. If GDAX is promising to add a handful of coins in 2018, there is a very high likelihood that Ripple will be among this handful of coins.
Also, community pressure will lead to a speedy addition of Ripple on Coinbase. Coinbase is here to serve the people and if the people want Ripple support on Coinbase, in a bid not to lose business to competition as the head of GDAX said above, they have no other option than to succumb to the pressure.
Similarly, rumours have been circulating on tweeter from a tweet put out by Logan Kugler, who says someone from the Coinbase’s end of year party told him that Ripple’s XRP addition on Coinbase was the talk of the day at the party. This entails the pressure is being felt internally by Coinbase and its team.
Another tweet which circulated on 3oth of December from Coinrypto speculates Ripple’s XRP trading on Coinbase to take place by the end of January. It also claims Ripple just completed its BETA phase testing on coinbase as can be seen below with Ripple being listed among other coins.
As mentioned already, no official statement has been released by Coinbase yet, but the odds are very high that Ripple will get listed on Coinbase this January. Now the biggest question is when will this be?
What do you think about Ripple on Coinbase? When do you think Coinbase will be adding Ripple’s XRP to their list of coins?
Let us know in the comment section below.