Coinbase has announced it is finally exploring XRP, after many failing to give attention to the cryptocurrency.
The decision to explore some new cryptocurrency including XRP, according to Coinbase, is borne of the exchange’s decision to “offer support for all assets that meet our standards and are fully compliant with local law”.
The platform has the intention of adding new assets, while working with local banks and regulators to add them in as many jurisdictions as possible. This is part of the announcement made by the U.S.-based exchange in September where it was announced that it has the intention of making its customers have access to more than 90% of all compliant digital assets by market cap.
Coinbase, in its bid to make this vision come to fruition evaluated prospective assets against its Digital Asset Listing Policy “to assess factors like security, compliance, and the project’s alignment with our mission of creating an open financial system for the world”.
Now, Coinbase is finally exploring a range of assets including the much demanded XRP among other cryptocurrencies. This vindicates Coinbase and affirms the platform is not intentionally secluding some digital assets.
The cryptocurrency to be under Coinbase’ exploration includes:
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).
According to Coinbase, adding this new assets involves significant exploratory effort “from both a technical and compliance standpoint”, however, the exchange says it cannot guarantee if all the cryptos under exploration will finally be listed for trading.
In the same line, Coinbase may decide to lists some coins for customers to buy and sell only, while denying them the opportunity to send or receive them via a local wallet.
Also, the cryptos to be added will be done based on a jurisdiction-by-jurisdiction basis to allow for resposnsible and efficient assets addition.
Earlier, Coinbase announced the intention to explore five new assets, it has since then added support for three of the mention asset i.e. BAT, ZEC, ZRX while evaluation work that will lead to the addition of the rest is still ongoing.
Ripple Tried Incentivizing Coinbase For Listing
Despite all the glories and hall of fame surrounding the American startup, Ripple, controlling the world second largest cryptocurrency by market cap, XRP, it still find something missing in its cabinet of trophy – Coinbase listing.
Not for its lack efforts, the firm including its supporters had on several occasion made efforts to make the coin go live on the exchange platform. In an effort, it was reported that the startup offered Coinbase $100 million worth of XRP loan, with the clause of paying back in XRP or dollars.
Instead the renowned exchange has on several occasion dashed the hope of all wishing for the listing of XRP on the ground that U.S. officials have warned against listing of crypto believed to be securities.
Owing to the single company sovereignty of XRP, many including SEC is yet to exempt Ripple from the security tokens.