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Report: Ripple might pay to get featured on major US exchanges

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Ripple
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It is not so easy for a digital coin to get listed on main exchange platforms, and even these days, it is also difficult to get a hint on what it requires out of a crypto-coin to be featured on these platforms.

But now, we would get a preview of what Ripple, which is the number three cryptocurrency behind Bitcoin and Ethereum, would undergo for getting its XRP featured on crucial tradeoff platforms in the US.

Based on an article that appeared in Bloomberg, Ripple has stated that it is keen to pay lots of money to get XRP listed on prominent U.S exchangers where liquidity is present. It has however said that it doesn’t have any problems buying its way to get featured anytime soon.

It is important to know that the cross-border payments company gave millions to Gemini and Coinbase to get featured. It is a customary process to pay to get listed in the equity markets, and not only the loose crypto-market.

Furthermore, it is also needful to know that about $1 million was offered to Gemini by Ripple to get a Q3 listing last year and the company also offered about $100 million XRP’s to Coinbase for financiers for trading on the exchange platform.

In addition, Ripple offered a deal to take a reimbursement in an official sanction or in XRP, for which investors and exchange platforms in the United States can be able to benefit from, according to the article on Bloomberg.

Ripple stated through its representative that the digital coin wasn’t involved in any financial deal for main exchange platforms to get a chance to get profit just to be listed. Ripple, through its representative also made this known to Bloomberg:

We want XRP to be the most liquid digital asset possible to enable faster, and cheaper global payments.”

Most individuals involved in the trading markets within the U.S fear that when the U.S government enacts the regulatory policies, it could affect some crypt-coins including XRP.

For now, if the speculations that these main trading platforms go with supporting XRP are more significant than expected, there will be more benefits to the price of the cryptocurrency, such as the one that occurred late last year.

The Neutral Ground

Ever since the inception of XRP, lots of market participants have taken an interest in the cryptocurrency, and as a matter of fact, market traders are asking for its listing on different social network platforms across the globe.

But despite the demands, Ripple has not been able to get an opportunity to be featured on major U.S exchange platforms even though it managed to close the gaps between crypto-industries and conventional banks.

Based on a report by the Autonomous Research, to get featured on a dominant trading platform, it will cost about 1 million USD to 3 million USD. With a $3 million price tag, digital coin industry can get access to the liquidity at a very fast pace. However, a lawyer mentioned to Bloomberg that the financial deal of Ripple with Gemini and Coinbase is not a crime under the law.

Nevertheless, the neutral ground in all of this is if XRP is categorized as a secured digital coin or not. This is due to the fact that if the regulatory bodies label XRP as an “unregulated” security coin, it could cause an adverse outcome for Ripple as well as the main trading platforms that promote it.

We will be updating our subscribers as soon as we know more. For the latest on XRP, sign up below!

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.

Image courtesy of cryptocurrency360

Altcoins

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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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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