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

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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

CoinFlip Scores Big with BRD Wallet Partnership

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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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