After months of waiting, the hopes and dreams of ripple (XRP) investors might finally be realized — at some purpose within the near future, anyway. Yes, XRP fans, crypto exchange Coinbase has confirmed that it's exploring adding support for the second-largest cryptocurrency to its platform.
The San Francisco-based Coinbase announced the progress Friday once it disclosed that its adding support for a “broad range of assets” — over 30 were explicitly named — as well as other market heavyweights including cardano (ADA), EOS, NEO, and tezos (XTZ).
XRP investors had long complained that ripple wasn't listed on Coinbase, the most popular crypto exchange for first-time buyers in the US and many other jurisdictions, even as the company listed smaller cryptocurrencies like 0x and apparently a lot of controversial ones like zcash — which might be used to build anonymous transactions.
The announcement follows Coinbase’s decision to revamp its listing process, that the firm said would permit it to supply support for a much larger range of cryptocurrency assets, although some wouldn't be listed altogether jurisdictions because of local regulations.
Of course, “exploring” isn't the identical thing as “listing,” and Coinbase stressed that the company “cannot guarantee” that each cryptocurrency named in the announcement can create its way onto Coinbase pro and Coinbase.com. Moreover, some cryptocurrencies might only receive restricted support.
From the post:
“Adding new assets requires significant exploratory work from both a technical and compliance standpoint, and we cannot guarantee that all the assets we are evaluating will ultimately be listed for trading. Furthermore, our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet.”
Even so, the confirmation that Coinbase is a minimum of evaluating the addition of XRP to its platform may be a marked departure from earlier this year once company executives advised that the firm had listed each asset that it believed there was regulatory clarity. XRP, like several different cryptocurrencies, has been plagued by accusations that the token is a security which blockchain startup Ripple — with whom it's closely associated — issued it through an illegal securities offering. Ripple denies those allegations.
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