Thursday, July 18, 2019

Coinbase to List Over 30 New Cryptocurrencies by May, Ripple Included

The long wait of the investors of Ripple (XRP) may finally be rewarded in time to come. Coinbase, one of the biggest crypto exchange, has affirmed the news of exploration to add to their platform the second biggest cryptocurrency in existence; the XRP token.

Coinbase, which is a company based in San Francisco, revealed earlier today that the move to add support for more than 30 ” broad range of assets” was real. Some of the assets that were mentioned include some big market players like EOS, Tezos (XTZ), NEO and Cardano (ADA).

Source: Coinbase

The investors of XRP have expressed concern for a long time about the absence of ripple on Coinbase, a crypto exchange that is the most recognized and frequently used by first-time purchasers both within the US and in foreign countries. These investors complained that Coinbase had on their platform cryptocurrencies of all kinds ranging from small ones like 0x to those regarded as controversial like Zcash, which makes anonymous transactions a possibility.

The declaration came after Coinbase decided to revise their listing process which is expected to enable their platform to accommodate a bigger number of crypto assets but they also agreed that not all assets would be listed in every geographical location because of the presence of local regulations in those places.

Though the two words “exploring” and “listing” were mentioned by Coinbase, they don’t amount to the same thing. In fact, Coinbase has said emphatically that it “cannot guarantee” the appearance of every crypto mentioned during the announcement on and Coinbase Pro. Besides, it is expected that certain cryptocurrencies may only enjoy limited support.

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As it was stated in the post:

“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 solely listed for customers to buy and sell, without the ability to send or receive using a local wallet.”


Still, the proof of XRP’s addition to the platform of Coinbase is an evident change in direction from what was said some months ago by the executives of the company, implying that Coinbase had already made up its mind about the assets to list because those assets were believed to have passed all regulations. XRP has been harassed, like a lot of other digital assets, with the accusation of being a security token and that its issuance came through an unsanctioned security offering. Ripple has declared those charges as totally untrue.

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Adedamola Bada
I'm Damola, a computer engineer from Obafemi Awolowo University. A crypto enthusiast, marketer, and writer who is seeking to achieve career excellence through hard work and positive contribution to the organization that aspires for excellence. Contact me on [email protected]

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