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Coinbase, the largest cryptocurrency trading platform and other related services in the United States, has officially added XRP under the resources supported for Coinbase Custody. However, despite Ripple, the blockchain remittance company that created XRP, attempting to dissociate itself from XRP for reasons of decentralization, Coinbase kept the Ripple logo to represent the currency on its official website.
During the last week of October, there was a buzz around the cryptocurrency space as the Department of Financial Services [DFS] of the United States announced its support to Coinbase to operate as a crypto-custody.
After Coinbase received approval from DFS, it revealed the name of six large coins that would be added to its Coinbase Custody Trust Company program. The list includes Bitcoin [BTC], Bitcoin Cash [BTC], Litecoin [LTC], XRP, Ethereum [ETH] and Ethereum Classic [ETC].
Despite being one of the coins to make the cut for custody services, XRP has not yet acquired a quote on the Coinbase trading platform. Furthermore, all five other cryptocurrencies continue to be traded.
Skypilot_crypto, an investor of XRP and cryptocurrent passionate about space on the news said:
"Although I hope that list of xrp coins, when I eventually do it, I will not buy my xrp again through the coinbase." Why should I do that when I purchase it from others all this time? What would be the point? Timing is everything and I'm late "
C3 | Nik, the Twitter administrator of another cryptocurrency and follower of the blockchain space also tweeted:
"XRP is officially listed as a supported resource on Coinbase Custody.
However, this does not imply support for trading in the normal Coinbase App. "
On Coinbase using the Ripple Labs logo, Michael Nardolillo, a fan of XRP, said:
"With the wrong symbol lmao"
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