As one of the world’s largest cryptocurrency exchanges, Coinbase has been at the forefront of the digital currency revolution. Founded in 2012, Coinbase allows users to buy and sell cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
Recently, there has been speculation that Coinbase is removing Ripple from its platform.
Ripple is a digital currency that allows for fast and cheap international payments. Ripple has been gaining popularity amongst cryptocurrency users and is currently the third largest digital currency by market capitalization.
Coinbase’s decision to remove Ripple from its platform could be due to the fact that Ripple is not as decentralized as other digital currencies such as Bitcoin and Ethereum. Coinbase has stated that it only lists “assets that are fully decentralized” and that “Ripple does not meet this standard.”.
The removal of Ripple from Coinbase could have a negative impact on the digital currency’s price. If Coinbase’s decision is based on Ripple not being fully decentralized, this could set a precedent for other exchanges to follow suit. This would likely lead to a decrease in demand for Ripple and a consequent decline in price.
However, it is worth noting that Coinbase has not officially announced that it is removing Ripple from its platform. Until an official announcement is made, the speculation surrounding Coinbase’s decision should be taken with a grain of salt.