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Breaking: Coinbase One Step Closer to Listing Ripple

Breaking: Coinbase One Step Closer to Listing Ripple

It’s been a long wait with plenty of speculation but exchange giant Coinbase has finally bitten the bullet and announced on its blog today that it will add support for Ripple on its exchange after it gets final approval.

The news was revealed today along with an announcement that a package of some 30 crypto assets is likely to be added to its current discrete selection of cryptocurrencies, along with Cardano (ADA), NEO, and Tezos (XTZ).  The post is most likely a response to customers continued complaints that no support has existed for the second largest cryptocurrency after Bitcoin.

One thing that Coinbase has clarified is that not all of the names on its new hit list of favorable currencies will necessarily be listed, but it’s a positive step further for patient Ripple investors who have had to seek out other exchanges in order to carry out transactions, clearly losing Ripple significant business over time.

The following are among the Coinbase list of possible listings:

Cardano (ADA), Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), Civic (CVC), Dai (DAI), district0x (DNT), EnjinCoin (ENJ), EOS (EOS), Golem Network (GNT), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loom Network (LOOM), Loopring (LRC), Decentraland (MANA), Mainframe (MFT), Maker (MKR), NEO (NEO), OmiseGo (OMG), Po.et (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT), Storj (STORJ), Stellar (XLM), XRP (XRP), Tezos (XTZ), and Zilliqa (ZIL).

Coinbase’s post stated today:

“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.”

In January when its last concrete announcement regarding Ripple was made  that the then third top listed cryptocurrency wouldn’t be listed on its exchange, Ripple’s token, XRP, proceeded to lose roughly a third of its value.

It remains to see what impact a final stamp of approval will have on Ripple’s current fortunes.

 

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