íàçâàíèå

Ripple’s XRP Token Takes a Hit as Coinbase Denies New Asset Rumours

Ripple’s XRP Token Takes a Hit as Coinbase Denies New Asset Rumours

The price of Ripple’s token has fallen by more than 10 percent in a 24-hour period following the announcement from crypto exchange Coinbase that it has no plans to add additional assets.

Yesterday, EthereumWorldNews reported that the third-biggest cryptocurrency by market share had risen by over 16 percent amid speculation that the San Francisco-based exchange might be adding the XRP token to the platform.

The price spike was also fuelled by the fact that Brad Garlinghouse, Ripple CEO, and Asiff Hirji, Coinbase President and COO, are due to appear on CNBC’s ‘Fast Money,’ along with John Burbank, Passport Capital founder, and Chamath Palihapitiya, Social Capital founder and CEO.

This sparked fresh rumours that the two might take the opportunity to make an announcement.

However, in a bid to quell rumours Coinbase took to Twitter stating that its January statement – which discusses its process for adding new assets – had not changed.

The exchange said:

“Our January 4th, 2018 statement continues to stand: we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.”

It also linked to a blog post from January detailing its criteria for adding new assets, which read that ‘Coinbase will announce the addition of new assets only via our blog post or other official channels.’

Subsequently, the value of Ripple’s token has fallen below the $1 mark. At the time of publishing, it is currently trading at $0.945661, with a market cap worth just under $37 billion, according to CoinMarketCap.

At present, the tokens listed on Coinbase are bitcoin, bitcoin cash, ethereum, and litecoin.

Yesterday, CNBC host Melissa Lee posted a screenshot on social media of the lineup for Tuesday’s special edition on CNBC’s ‘Fast Money.’ It’s not known whether Garlinghouse and Hirji will be on the discussion panel together or separately.

Notably, the announcement by Coinbase that it isn’t adding any new assets means that Ripple’s token remains the only one out of the top five not listed on the exchange. Despite, Ripple enthusiasts who are eager to see the token enter the mainstream, it seems that, for now, only four cryptocurrencies will be available to trade and buy on the exchange.

06.03.2018 / 09:00 70
Ripple Price Dives after Coinbase Quashes Support Rumors Ripple Price Dives after Coinbase
The Ripple price posted a double-digit percentage decline on Tuesday after cryptocurrency exchange and brokerage platform Coinbase squashed rumors
Cryptocurrency Market Erases Yesterday’s Gain, Ripple Drops 11% Cryptocurrency Market Erases
Yesterday, on March 6, the global cryptocurrency market moved closer to the $500 billion mark, as it peaked at $475 billion. Today, the market
Ripple Falls as Coinbase Inclusion Rumor is Officially Quashed Ripple Falls as Coinbase Inclusion
The price of Ripple’s XRP token which spiked on Monday falls back beneath a dollar as the Coinbase rumor is officially quashed on twitter. Ripple
Ripple Spikes 18% amid Coinbase Integration Rumors; Drop Coming if False? Ripple Spikes 18% amid Coinbase
Earlier today, on March 5, the price of XRP, the native cryptocurrency of Ripple, recorded an 18 percent spike, becoming the best performing major
Ripple’s Token Price Hits $1 Amid Fresh Speculation that Coinbase May be Listing XRP Ripple’s Token Price Hits $1 Amid Fresh
The third-biggest digital currency is up more than 16 percent during trading Monday amid rumours that XRP could be joining crypto exchange Coinbase.
Ripple Price Rises as new Fake Coinbase Listing Rumors Appear Ripple Price Rises as new Fake Coinbase
There are always interesting developments to take note of in the cryptocurrency world. Right now, the XRP price is surging once again. Thanks to
Comments (0)
Add a comment
Comment on