In fact, after months and months of waiting, the hopes and dreams of XRP investors may finally become true. The exchange confirmed that it is exploring adding support for the second largest cryptocurrency on its platform.
First announced in a crypto press release on Friday, the San Francisco-based exchange revealed that it is adding support for “a broad range of assets” which include the names of 30+ market heavyweight altcoins such as Cardano (ADA), EOS, NEO and Tezos (XTZ).
There have been a lot of talks around the issue of Ripple (XRP) not being listed on Coinbase, even as the company listed smaller cryptocurrencies such as 0x and seemingly more controversial ones such as zCash, which can be used for creating anonymous transactions.
This announcement also follows Coinbase’s decision to revamp its listing process, providing support for a much larger range of cryptocurrency assets. However, currently the word “exploring” is not the same as “listing” which is why Coinbase noted that the company “cannot guarantee” that every cryptocurrency mentioned in the announcement will make its way to Coinbase Pro and Coinbase.com.
As an excerpt from the announcement post stated:
“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.”
At the end of the day, the confirmation that Coinbase is at least evaluating the addition of XRP to its platform is alone a news story that is positive for many investors, especially because of the nature of Ripple and its accusations that the token is “a security issued through illegal securities offering.”
CEO Of Allianz: Regulators Should Step In Harder And Outlaw Cryptocurrencies
“I am personally surprised that regulators haven’t stepped in harder.”He was especially addressing the head of Britain’s Financial Conduct Authority Andrew Bailey who was sitting right next to him at the panel discussion. Bailey noted that Utermann’s opinions were ‘’quite strong’’ but he did agree that cryptocurrencies don’t have intrinsic value. Bailey made sure that the FCA is watching closely and that they have the initial coin offering sector under surveillance. Utermann’s stance doesn’t leave any room for negotiation but some of his colleagues at Allianz are more optimistic about the use of blockchain technology. The chief economist at Allianz Mohamed El-Erian said that he also doesn’t believe that cryptocurrency will ever be able to replace fiat money but they will become more widespread. He said:
“Cryptocurrencies will exist. They will become more and more widespread, but they will be part of an ecosystem. They will not be dominant, as some of the early adopters believed them to be.”El-Erian explained that crypto is not dead and the technology isn’t dead also. He is sure that we are about to see more widespread adoption by the private sector but also from the public one. El-Erian concluded that the last year’s frenzy was ‘’unwarranted’’.
Altcoins Consolidating Above The Yearly Lows, Bitcoin Follows The Recovery Path
Gemini Founders (Winklevoss Twins) Launch A New Mobile Crypto Trading App
“A lot of our decisions have perhaps given off a perception that we’re more institutional-based. The reality of the situation is that we have a diverse customer base. And the retail story is just beginning.”The twins and Gemini founders also revealed their plans to expand to the Asian crypto market where they will face stiff competition from the thriving exchange industry that includes companies such as Bitfinex, Binance and Huobi.
Founder Of TRON Wishes To “Rescue” dApp Developers Working On Ethereum & EOS
Join us on Facebook
- CEO Of Allianz: Regulators Should Step In Harder And Outlaw Cryptocurrencies
- Developers Tested Exchanging ERC-20 Tokens Using The Second-Layer LN Protocol
- Danish Tax Agency To Go After Its Nationals Who Secretly Trade Bitcoin
- Altcoins Consolidating Above The Yearly Lows, Bitcoin Follows The Recovery Path
- Telecom Regulatory Authority Of India Completed Blockchain Pilot With Tech Giant IBM
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Blockchain News4 days ago
SWIFT Will Launch A New Payment System Taking On Fintechs And Blockchain Tech
Bitcoin News4 days ago
Bitcoin Subreddit Hits 1 Million Subscribers
Blockchain News2 days ago
Calgary Becomes The First Canadian City To Launch Local Digital Currency
Blockchain News3 days ago
IBM Partners With Abu Dhabi National Oil Company For A New Blockchain Supply Chain System
Blockchain Archive1 day ago
You Can Pay With BTC In These Companies (Updated)
Altcoin News5 days ago
Winklevoss-Owned Exchange Gemini Is Adding Bitcoin Cash (BCH) WIth NYDFS Approval
Blockchain News2 days ago
HTC Puts Brave As A Default Browser On Its Blockchain Smartphone
Blockchain News4 days ago
Morgan Creek Bets A Million Dollars That Crypto Will Outperform The Stock Market In 2019