Ripple, the third largest cryptocurrency by market capitalization, has been left out of Coinbase’s latest addition of five new assets.
This has caused some to wonder why Ripple is not on Coinbase. There are a few possible explanations.
One reason could be that Coinbase is not yet ready to support Ripple. While Ripple is built on the same blockchain technology as other cryptocurrencies, it uses a unique consensus algorithm that may require additional development work on Coinbase’s part.
NOTE: WARNING: Coinbase is a highly regulated cryptocurrency exchange platform and their listing of coins is subject to strict compliance requirements. As such, Ripple (XRP) is currently not available on Coinbase due to its current non-compliance with the regulatory requirements set by the exchange. Therefore, investing in Ripple (XRP) on Coinbase is not possible at this time.
Another possibility is that Coinbase is waiting for more regulatory clarity around Ripple. The US Securities and Exchange Commission (SEC) has yet to issue a clear ruling on whether Ripple’s native token, XRP, is a security.
Until the SEC provides more guidance, it’s possible that Coinbase is taking a wait-and-see approach with Ripple. .
Finally, it’s also possible that Coinbase simply doesn’t believe that Ripple is a good fit for its platform. While Ripple has been gaining traction with banks and financial institutions, it’s still far from being as widely adopted as some of the other assets on Coinbase.
At the end of the day, only Coinbase knows why it decided not to add Ripple to its platform. However, given the potential challenges associated with supporting Ripple, it’s understandable why the exchange might have decided to take a cautious approach.
9 Related Question Answers Found
It’s been a rough few weeks for Coinbase. The San Francisco-based cryptocurrency exchange has been plagued by outages, most recently on November 12, when the site went down for several hours. The latest outage comes on the heels of a string of problems for Coinbase, which has been struggling to keep up with the demand for its services as the price of Bitcoin and other cryptocurrencies has surged.
When you make a transaction on Coinbase, the network will first show you a pending transaction. This means that your transaction is waiting to be verified by the network. Depending on the cryptocurrency you are trying to send, the transaction may take a few minutes to an hour to be verified.
Coinbase is the world’s largest cryptocurrency exchange, and it has been a go-to platform for buying and selling Bitcoin, Ethereum, and other digital assets since its launch in 2012. Recently, Coinbase made headlines when it announced that it would be listing Terra Luna, a new cryptocurrency, on its platform. However, as of writing, Terra Luna is not yet available on Coinbase.
If you’re a Coinbase user, you may have noticed that you’re unable to withdraw your money from the exchange. This is because Coinbase has placed a withdrawal limit on all accounts, and you’ll need to reach a certain level before you’re able to withdraw your funds. There are a few different reasons why this limit exists, and we’ll go over them below.
There are a few reasons why your payment method may be declined when you are trying to buy cryptocurrency on Coinbase.
1. Insufficient Funds – You may not have enough money in your account to cover the purchase. Make sure you have enough funds available before trying to make a purchase.
2.
Since its launch in 2012, Coinbase has become one of the most popular ways to buy and sell cryptocurrencies. In fact, Coinbase is now the largest cryptocurrency exchange in the world with over 20 million customers. However, one of the most common complaints about Coinbase is that it frequently rejects payments.
As of March 2018, Coinbase does not support the trading of certain coins on its platform. The reason for this is that Coinbase is a regulated company, and it must comply with regulations in the jurisdictions in which it operates. Some coins are not yet regulated, and Coinbase cannot list them until they are.
If you’re a Coinbase user, you may have noticed that your account is not verified. This can be frustrating, especially if you’re trying to use Coinbase to buy or sell cryptocurrencies. There are a few reasons why your account may not be verified, and we’ll go over them below.
In mid-January of this year, Coinbase, one of the most popular cryptocurrency exchanges, announced that it would be dropping a number of digital assets from its platform. This move came as a surprise to many in the crypto community, as Coinbase is generally known for being quite listing-friendly. So, why is Coinbase dropping?
