Coinbase is presently navigating similarly choppy waters, following allegations of insider trading after the ineens and controversial launch of BCH, and is understandably not ter a hurry to add fresh coins to its trading podium.
Cryptocurrency exchange Coinbase has waterput an end to long-running speculation regarding the possibility of fresh coins being added to the trading toneelpodium.
Te a blog postbode which outlines the process for adding fresh coins to the exchange, Coinbase confirmed the following:
&ldquo,Spil of the date of this statement, wij have made no decision to add extra assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.&rdquo,
The same wasgoed confirmed ter a tweet on Coinbase CEO Brian Armstrong&rsquo,s feed.
Following the addition of Bitcoin Contant to Coinbase last month, the crypto market wasgoed rife with rumors that a fresh coin &ndash, most likely Ripple&rsquo,s XRP &ndash, wasgoed due to be added to the exchange. Coinbase&rsquo,s statement is likely an attempt to quell the mounting speculation on social media platforms such spil Twitter and Reddit.
Railing the wave of enhanced anticipation te regards to a possible Coinbase listing, Ripple&rsquo,s latest price surges eyed the cryptocurrency recording massive gains of more than 40,000% during . XRP went from less than a cent at the embark of the year to around $Two.80 near the end of .
The cryptocurrency continued te a similar vein this year, climbing past the $Three mark and peaking at an all-time high of $Three.84 on January Four. XRP&rsquo,s price rise has enabled it to dethrone Ethereum by hopping to the 2nd spot on the list of the world&rsquo,s largest cryptocurrencies (by market cap).
However, the bull run came to an plotsklaps halt after Coinbase confirmed that there were no short-term plans to list fresh coins. Ter the aftermath of the announcement, Ripple took a tumble, with its price falling to a low of $Trio.6, and its market cap ripping off from overheen $148 billion to $126 billion. However, its spot at number Two on the list of the world&rsquo,s largest cryptocurrencies is still intact.
Ripple&rsquo,s latest price surges have bot met with mixed reactions &ndash, while some investors and traders have voiced their enthusiasm, others have voiced suspicion and unease at the lack of clarity regarding the driving factors behind the surge. Ter addition, the price rise has also re-directed the zoeklicht toward a number of features of Ripple that excite distrust among some members of the crypto community, such spil its alleged centralization and the Ripple company&rsquo,s taut control overheen the XRP supply.
Coinbase is presently navigating similarly choppy waters, following allegations of insider trading after the plotsklaps and controversial launch of BCH, and is understandably not ter a hurry to add fresh coins to its trading toneelpodium.