RATE Group | What is Holding Coinbase Back From Integrating Ripple Into its Exchange?
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What is Holding Coinbase Back From Integrating Ripple Into its Exchange?

12 Dec What is Holding Coinbase Back From Integrating Ripple Into its Exchange?

Posted at 16:43h in Cryptocurrency News by

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ripple

On December 7, Coinbase, a leading crypto-to-fiat exchange, announced it is exploring 31 crypto assets to integrate into its exchange.

One of the cryptocurrencies the exchange has been looking into is Ripple (XRP), the second most valuable asset in the cryptocurrency market with a market valuation of over $12 billion.

Although Coinbase expressed its intent to list XRP in the future, the majority of investors in the global Ripple community were not satisfied by it because of the firm’s listing of four digital assets including Decentraland (MANA) this month.

So what exactly is holding Coinbase back from listing Ripple while listing small market cap cryptocurrencies and ERC20 tokens?

Federal Court Case

Earlier this week, Dan Romero, the vice president and general manager at Coinbase, stated that the company wants to eventually list 90 percent of legally compliant assets as long as they are above a certain quality bar.

He emphasized that like a traditional stock market, the…

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