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

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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

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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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TokenRoll
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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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