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How Ripple (XRP) Might Get Listed on Coinbase After All

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Ripple

At the end of the last year, Ripple tried to get listed on two major exchanges that have yet not accepted XRP on their list of live trading currencies. On this occasion, the two exchanges Coinbase and Gemini, which represent some of the largest exchanges while having a definite authority in the world of cryptos, decided to pass on XRP stating that Ripple won’t be getting a listing from the two mentioned exchanges. One of the main reasons for renouncing a listing to XRP revolved around speculations that Ripple is not decentralized. However, some things are about to change, so Ripple might still end up getting listed on Coinbase, although Gemini still remains under the question.

Ripple and the Coinbase/Gemini Listing Goal

Coinbase makes up for one of the largest and most prominent exchanges that are based in the US. As such, it makes a great addition to the listing portfolio of any currency.

However, Coinbase is playing hard on cryptos, so it has only listed Bitcoin Cash, Bitcoin, Ethereum, and Litecoin. Given the fact that the listed coins on Coinbase are all top coins taking top spots on the global coin ranking list, it does come as a riddle that Coinbase just won’t add Ripple even with the fact that XRP takes the third place on the global coin ranking list, while Litecoin which now takes the 6th spot, had its opportunity with one of the biggest exchanges in the US market.

That is how the Ripple team took their chances a couple of months ago and decided to offer a multi-million sum to Coinbase and Gemini in order to gain a chance to get listed on these two exchanges.

This case caused disapproval across the crypto community as many people considered that offering money in order to get listed is everything but morally correct, however, financial specialists have made a point that it this is not a strange case at all in the world of stock markets, exchanges and financial business, making it a common business strategy.

Moreover, Ripple was denied the chance of getting listings on Coinbase and Gemini despite the juicy offer that has been made by the XRP team.

Despite losing its chance of getting listed on Coinbase and Gemini, it seems that Ripple is doing pretty well with Shift markets partnership, BitForex exchange listing and getting live in Europe with OnePay and Santander bank.

However, Gemini’s Winklevoss brothers have announced that they are planning on adding Litecoin and Bitcoin Cash in the near future, so there are some implications that Ripple might still get a chance in the future as well.

But, there is a huge chance that XRP won’t get to Gemini after all given the fact that the US government’s policy about the unlicensed currencies isn’t going in Ripple’s favor.

Coinbase, however, might still be an option and here’s why.

Is Coinbase Moving to Japan?

Taking the latest information that Coinbase might be moving their exchange to Japan into consideration, there is a chance that Ripple might still be an option for this prominent exchange.

If it is the case that the only reason for not having XRP listed on Coinbase due to the US government not approving XRP because of the fact that Ripple makes up for an unlicensed digital asset, Coinbase might accept Ripple in case it is true that Coinbase exchange is moving to Japan.

Due to the most recent implication, it is believed that Coinbase will soon move from the US to Japan so the company would be able to work on further expansion and development in the Asian market.

Since Asia stands for one of the leading areas in the terms of blockchain technology and its development, alongside with having Japan known to be quite benevolent with cryptos, Ripple might get added to Coinbase in case it moves out of the US.

However, this would only and potentially make a case if the US government’s show of no appreciation for XRP is the only obstacle standing between Ripple and the Coinbase listing.

In case implications about having Ripple’s centralization standing in the way of the mentioned achievement is the main factor for refusing XRP the first time, moving Coinbase to Japan won’t get XRP listed here either.

It only remains to wait and see whether Coinbase will move to Japan, as well as how and in which way will it affect XRP.

But, since Ripple is doing pretty well in representing a link between the traditional banking and the blockchain technology, heading steadily towards mass adoption, Coinbase might not play a crucial role in its further development anyways.

Ripple’s Performance

The past couple of days have been rough on the majority of cryptos in the market as we can see the maleficent currents of drops hitting the market.

Today, this case seems to be even worse when compared to the last 24 hours, so XRP is dropping even harder with the rest of its crypto peers.

After dropping by over -10% against the dollar, XRP can be traded at the price of 0.59$ per one unit.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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