In mid-2017, the popular US-based exchange Coinbase announced that it would be adding support for Ethereum’s native token, Ether (ETH). This caused a major price surge for ETH, and also led many to believe that other assets would soon be added to Coinbase. One such asset is Ripple’s XRP token, which is the third largest cryptocurrency by market capitalization.
However, as of early 2018, Coinbase has not yet added XRP to its platform. This has led many to wonder whether or not Ripple’s token will eventually be listed on Coinbase.
There are a few key reasons why it is unlikely that XRP will be listed on Coinbase in the near future. First, Coinbase has been very cautious in adding new assets to its platform.
The exchange only added ETH after carefully evaluating it and determining that it met all of Coinbase’s listing criteria. It is highly unlikely that Coinbase would add XRP without a thorough review process, which could take months or even years.
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If you are considering investing in RLC (iExec’s token), we strongly advise that you do your own research into the project and its associated risks before making any investments. You should also consult a financial advisor if necessary.
Second, even if Coinbase were to add XRP, it is not clear if US regulators would allow the exchange to do so. The US Securities and Exchange Commission (SEC) has not yet clarified its stance on cryptocurrencies, but it seems unlikely that the agency would approve an asset like XRP which does not have a clear use case.
If the SEC were to take action against Coinbase for listing XRP, it could set a precedent that would make it difficult for other US-based exchanges to list the asset.
Finally, there is no guarantee that XRP will ever be listed on Coinbase even if the asset meets all of the exchange’s listing criteria and receives regulatory approval. At the end of the day, listing decisions are made by Coinbase’s management team, and they may simply decide not to list XRP for any number of reasons.
For now, it seems unlikely that XRP will be listed on Coinbase in the near future. However, this could change if the cryptocurrency meets all of the exchange’s listing criteria and receives regulatory approval in the United States.