Coinbase addresses Ripple rumors, says it has not decided on adding new coins

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Ripple rumors remained rumors only coinbase declared that they have not decided on adding a new coin.

Coinbase just tossed a touch of icy water on Ripple devotees keen to see their coin hit the prominent mainstream exchange.

Rumors that Ripple’s XRP might be the next in line after Bitcoin Cash achieved a fever pitch this week among coin hype types, with some searching for some hidden meaning of a Tuesday segment of CNBC’s “Fast Money” that sets to feature Ripple CEO Brad Garlinghouse and Coinbase President Asiff Hirji in what might appear to be aboard dialog on cryptocurrency trends.

Theory in the view of Fast Money segment drove XRP up to $1.07, up around 6% from weekly averages. Ripple’s XRP remains the only coin in the top five by market cap that isn’t accessible, however, given XRP’s centralized nature and altogether different aims when contrasted with other cryptocurrency projects; its absence isn’t that astounding. Still, there is a lot of trading interest, and those things will not avert Coinbase from adding XRP in the future were it to choose to do so.

Responding to the rumors, Coinbase tweeted “Our January 4th, 2018 statement continues to stand: we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.” Following the statement, XRP slid back modestly toward its previous averages.

The organization additionally connected to a January 5th blog post on its criteria for including new resources. That post express that “Coinbase will announce the addition of new assets only via our blog post or other official channels.” The organization likely isn’t anxious to keen to repeat the chaos around the debut of Bitcoin Cash. Backing for Coinbase’s most up to date asset was declared officially well ahead of time, yet the rollout itself might have been ruined by hefty premiums, a trading freeze and an internal insider trading investigation.

Nishanth Shetty

Nishanth Shetty is a technical writer, author and a crypto-advisor working at Cryptofame. Based in the city of dreams, Mumbai, on the west coast of India. He holds a bachelors degrees from Mangalore University. Nishanth has a myriad experience of technical writings for tech brands. His interests include technology, travel, and food.