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Ripple users questioned the fact that Coinbase did not add XRP support for the cryptocurrency exchange in the US, passing it to add smaller altcoins like 0x, or controversial as Zcash. Now they have some reason to celebrate, since Coinbase has confirmed that it is considering adding XRP to the ranks of altcoins it supports.
Coinbase has announced the possibility on his blog December 7, 2018, but Ripple enthusiasts may wish to withhold their exclamations of joy since it was only one of the 31 altcoins taken into consideration by Coinbase.
These include other top 10 altcoins such as EOS (EOS) and Stellar (XLM), as well as other altcoins with huge market capitalizations such as Cardano (ADA), NEO (NEO), Maker (MKR) and Tezos (XTZ).
As part of the announcement, Coinbase has issued the following disclaimers: "The addition of new resources requires significant exploration work both from a technical and compliance point of view, and we can not guarantee that all activities that we are evaluating will eventually be listed for trading, and our listing process may result in listing some of these activities exclusively to customers for buying and selling, without the ability to send or receive using a local portfolio Finally, as per the quotation procedure, we will add new assets to a jurisdiction by jurisdiction, which will allow us to add resources efficiently and responsibly.
So, while Ripple enthusiasts have asked Coinbase to add support for XRP, even if they happen they may not get all the features they are looking for from the exchange.
The announcement comes immediately after the Coinbase decision has changed Digital Asset Framework, to allow a much wider range of cryptocurrencies.
It is a step in the right direction for traditional adoption, as Coinbase is the largest cryptocurrency trade in the United States for new cryptocurrency users. The addition of other cryptocurrencies can only help to spread the understanding and adoption of cryptocurrencies.
Over time, we intend to offer 90% + access to all digital assets that are compliant with market capitalization. To transform this vision into reality, we will use our Digital Asset Framework published to evaluate resources on factors such as safety, compliance and technical innovation: https://t.co/6AteNMOnYr
– Coinbase (@coinbase) December 7, 2018
The addition of new coins marks a distinct departure from Coinbase's position from the start of this year, when the company cited a lack of clarity in the regulations as a reason why it would no longer list altcoin. Now with the new Digital Asset Framework, it seems that Coinbase will eventually try to add almost every altcoin to its platform.
It remains good news for Ripple users, but we will have to wait and see if Coinbase it goes on with the XRP list, since there are still questions about the status of XRP as security, and Ripple's allegations have issued XRP through an illegal supply of securities.
Do not you see the time to see XRP on Coinbase or are there other alternative programs that you would rather list? We hear from you in the comments below!
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