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Ripple (XRP) working round the clock to get listed on top US exchanges

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Ripple is arguably an essential bridge between the world of virtual currencies and traditional banking, credibly designed to transform how financial institutions transfer money across borders, making settlements faster and cheaper. However, Ripple is working round the clock to get listed on Gemini and Coinbase, the two major US-based cryptocurrency exchanges.

According to sources that asked anonymity, last year, Ripple offered a $1 million cash payment to Gemini and a loan of over $100 million in XRP to Coinbase, the cryptocurrencies market leader in virtual currency exchange platform, in exchange for a listing. A somewhat standard practice done by companies who want their virtual currencies listed with top exchanges. Both exchanges declined to pursue the offers, the sources revealed.

Coinbase and Gemini usually pick and decide the virtual currencies that trade on their platforms. At the moment, Coinbase offers Bitcoin, Litecoin, Ether, and Bitcoin Cash on their platform while Gemini trades only two cryptocurrencies namely Bitcoin and Ether. But, the Winklevoss twins, co-founders of Gemini, stated they were looking to grow with plans to onboard Litecoin and Bitcoin Cash in the near-future.

Gemini and Coinbase are likely to be declining to list Ripple due to the warnings by the US government on unlicensed exchanges in listing digital coins that were perceived to be securities, whereby XRP might be categorized as one because a single company controls it.

However, according to recent news releases, Coinbase will be relocating to Japan to inaugurate development activities in the Asian nation. Japan is generally seen as the homeland of blockchain technology and virtual currencies, mostly because of the high number of cryptocurrency enthusiasts and investors residing in Japan.

Even though this decision doesn’t come as a big surprise, a move like this one could have enormous after effects for many cryptocurrencies and their communities. More so, Ripple (XRP) might get listed to Coinbase, thanks to this move.

Unlike their American counterparts, the Japanese government allows cryptocurrency exchange platforms to operate in their territory with reasonable requirements needed to be satisfied. For a cryptocurrency exchange to operate in, the Asian country, they must be licensed and comply with some crypto regulations devised to protect the security and integrity of both the investor and virtual currency. Therefore, the Japanese regulations are not created to delay the operations of virtual currency exchange platforms.

Be that as it may, Coinbase will have to acquire a valid license and show commitment to the Japanese crypto regulations before relocating to Japanese soil.

Ripple (XRP) is a very respected coin in Japan, as it is the third-largest virtual currency in the market. It is also the most used digital coin used in the country making it the best candidate Coinbase would want to add in their listing as soon as they relocate their operations to the Japanese territory.

From Ripple’s point of view, the addition and adoption of XRP on Coinbase will have a significant positive effect on the prices of XRP prompting a bull run. But before then, Ripple will have to remain in the cold until Coinbase shifts their operations to Japan.

And of course, Ripple seems to be working as hard as it can to get these top US listings. The crypto has been in headlines positively lately, from the Snoop Dog performance event to most recent partnership with Japan’s SBI bank; all such actions will surely clear its way to get those listings faster.

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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.

Image courtesy of Pxhere.com

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We know what the Institutions are saying, but what are they doing?

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Many of us hear that institutions are buying tons of BTC, XRP, and other top 20 cryptocurrencies.  The thing is how much truth really is there to that when we cannot even see the market moving in any direction other than on a downtrend. Right now, many do not know this but there is the OTC or the over the counter exchanges that exist. These exchanges like OTC trading desks do the trades off the market hense over the counter. This means that it functions in the same way the black market functions as when you sell these items it is essentially off the books so to speak.

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Why Is Coinbase Stalling With XRP?

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For a cryptocurrency project, getting their coin to Coinbase is one of their biggest goals. However, the popular exchange has become infamous over the years for only accepting a handful of top-ranking coins, while other ones were deemed unsafe for listing for various reasons. In the first half of 2018, however, Coinbase decided to distance itself from this old way of looking at things, and it has even announced that it will look into numerous altcoins, in order to locate and list the best among them.

Since then, the exchange has kept its word, and while it did not add dozens of new coins, they still did open up to a few projects, such as 0x and even Zcash.

However, for all this time, there was no mention of XRP, a cryptocurrency formerly known as Ripple, which is currently the second largest coin by market cap. Despite high demand, constant requests, and alike — Coinbase did not even consider adding XRP.

That is, until several days ago, when numerous reports of Coinbase considering another group of altcoins emerged. While the XRP community was very excited to see XRP listed as a candidate for a potential listing, many believe that it is still not going to happen.

Why Coinbase doesn’t want to add XRP?

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Why 2019 Will Be A Big Year For Crypto

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As 2018 is getting close to its end, a lot of crypto investors are turning their gaze towards the future. Considering the crypto bearish trend that has dominated this entire year, not to mention two big market crashes, it is of no surprise that everyone is more than ready to leave these harsh events behind.

However, a few questions still remain unanswered — what to expect in 2019? Is the situation going to change, or will there be just more of the same? Is investing now, when the prices are low, a good idea? These are the issues on every investor’s mind right now.

What to expect in 2019 in terms of crypto value?

Understandably, after a year such as 2018, expectations of the future are quite high. The crypto scene is still in its infancy, as many analysts have stated numerous times. Add a few more issues, such as regulatory uncertainty, mistrust coming from institutional investors, and constant hacks, scams, and theft that have been a significant factor in this and previous years, and it’s no wonder that the market keeps crashing.

However, there is more to it than that. Due to high volatility and no real control over cryptocurrencies, a massive bull run of 2017 brought cryptos to heights that were not supposed to be reached that early. Because of that, some analysts claim that, what…

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