Despite mounting anticipation, Coinbase pushes back against new XRP rumors


While rumors continue to persist that US-based cryptocurrency exchange service Coinbase is mulling a decision to add support for Ripple’s XRP, the platform has now pushed back with statements that it has not elected to add additional assets to either its GDAX exchange or on Coinbase itself.

Speculation rose in the wake of a rumor which elaborated that Coinbase Chief Operating Officer Asiff Hirji and Ripple chief executive Brad Garlinghouse would appear together on an episode of CNBC’s Fast Money to announce the listing of the latter’s XRP token.

Following silence on the issue, Coinbase ultimately released a statement on Twitter, detailing that the service has “made no decision to add additional assets to either GDAX or Coinbase… Any statement to the contrary is untrue and not authorized by the company.”

In a longer statement, the company clarified that the process of adding new assets to either Coinbase or GDAX is informed by the company’s Digital Asset framework, wherein a committee of internal experts is responsible for determining whether new assets would ultimately be added to the platform.

CNBC host Mellisa Lee has proceeded to tweet a promotional screenshot for Fast Money’s new cryptocurrency-themed segment, which, in addition to Hirji and Garlinghouse, further lists Passport Capital founder John Burbank and Social Capital founder and CEO Chamath Palihapitiya.

Ripple has not yet issued a formal statement on the matter.

The price of the company’s XRP token remains buoyant in the wake of the news, having tipped the $1 USD mark to trade at $1.6 USD at the time of writing.

Have your say!

What are your thoughts? Do you feel Coinbase or GDAX should proceed to list Ripple’s XRP token? Be sure to let us know your opinion on Twitter – join the conversation @coininsidercom!

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