What are the reasons why Coinbase is not adding Ripple to its platform?

3 answers

• Dec 31, 2021 · 3 years ago
  Coinbase has not added Ripple to its platform due to a variety of reasons. One of the main factors is the ongoing legal uncertainty surrounding Ripple. The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Ripple, alleging that the company conducted an unregistered securities offering through its XRP token. This legal battle has created a significant risk for Coinbase, as adding Ripple to its platform could potentially expose the exchange to regulatory scrutiny and legal consequences. As a result, Coinbase has decided to err on the side of caution and refrain from listing Ripple until the legal situation is resolved.
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• Dec 31, 2021 · 3 years ago
  There are several possible reasons why Coinbase has chosen not to add Ripple to its platform. One reason could be the lack of demand from Coinbase's user base. While Ripple is a popular cryptocurrency, it may not have the same level of demand among Coinbase's customers compared to other cryptocurrencies like Bitcoin or Ethereum. Coinbase may prioritize listing cryptocurrencies that have a higher demand and trading volume to ensure a seamless user experience. Additionally, Coinbase may have concerns about the stability and reliability of Ripple's network, which could impact the overall user experience on the platform.
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• Dec 31, 2021 · 3 years ago
  As an expert at BYDFi, I can provide some insights into why Coinbase has not added Ripple to its platform. One possible reason is that Coinbase wants to avoid any potential conflicts of interest. Ripple Labs, the company behind Ripple, holds a significant amount of XRP tokens. This concentration of ownership raises concerns about centralization and the potential for market manipulation. Coinbase, as a reputable exchange, may want to maintain a level playing field and avoid any perception of favoritism towards Ripple. By excluding Ripple from its platform, Coinbase can ensure fairness and neutrality in its cryptocurrency offerings.
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