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XRP deserves to be listed on Coinbase, says Ripple CEO

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XRP
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We can all agree that Coinbase is certainly one of the most powerful exchange platforms in the cryptosphere. In fact, that is the main reason behind the wrestle of all the cryptocurrencies on the market for obtaining the recognition of the platform and the validation that comes with it. In this sense, one of the coins that have been fighting the most for its position on this platform is nothing less than Ripple (XRP), the third largest cryptocurrency by market capitalization of the industry.

Much has been said regarding would it be or not a possibility for the coin to appear listed on Coinbase, but the truth is many rumors were created around the fact, and as it seems, a great part of the traction the coin has been getting lately is because of it.

The addition of XRP by Coinbase still remains as “to do”. However, for the first time the CEO of the company, Brad Garlinghouse, emitted a public opinion on the issue, and as it appears, he thinks Coinbase definitely should add the XRP token to its lists. Let’s find out why he thinks so.

Garlinghouse declarations for the CB Insights’ Future of Fintech conference

Garlinghouse was interviewed by John Jeff Roberts at the CB Insights’ Future of Fintech conference held in New York. During the interview, he was asked about his thoughts on Coinbase and its likely interest in the token of the company he represents. Something he responded by mentioning the fact that Ripple is more than a token, it’s a solution for financial institutions in order to make transactions, easier, faster, and cheaper. He said:

“As we solve problems at scale for institutions, I think it’s in Coinbase’s interest to participate in that.”

Let’s recall Ripple is one of the main solutions for bank institutions around the world, many of which already use its products xCurrent, and xRapid in order to improve cross-border payments. This is certainly one of the factors behind the coin maintenance of its value throughout the time, which of course, the greater acceptance, the greater the value.

Nevertheless, the XRP token experienced a peek back in January that led the coin to the astonishing value of $4, and despite the great relationships the company has created around the world this was mainly attributed to the furor behind the rumors of the Coinbase listing, a fact that two months later the platform decided to elucidate by stating they will only list cryptos that are not classified as securities by regulators.

This fact surely is one of the things holding back the XRP token of being listed in American exchanges such as Coinbase, Circle, itBit, Square Cash app, or Robinhood. A lot of concern has been raised around XRP likelihood of being officially classified as a security since the token is not fully decentralized and a large part of the ownership of the coin belongs to the Ripple team itself.

Regarding this, Garlinghouse stated that there is no doubt that XRP is not a security since the public ledger exists independently of the token, and besides that, the way he considers it, owning something doesn’t mean you have control of it, a fact he sustained by saying that even when,

“Saudi Arabia owns a lot of oil—that doesn’t give them control of oil.”

He concluded by saying that he cannot predict what the next steps are going to be for the main exchanges in America, but as he thinks, many of them seem to be waiting for regulators to classify the token, which according to his appreciation, it’s nothing but a huge mistake.

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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

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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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