It is “Probably too late” for Coinbase to offer free cryptocurrencies to XRP holders

In less than two weeks, anyone holding XRP on major exchanges and wallets will receive free Spark tokens.

That is, aside from HODLer on the cryptocurrency exchange Coinbase, which has not signed up for the airdrop, and is “probably too late” to welcome it, second at Flare Networks.

Flare Networks, a Ripple-funded blockchain network, announced on November 13 that an airdrop, the Spark Airdrop program for XRP holders, will take place on December 12. Anyone who owns XRP holders will receive free tokens with a 1: 1 ratio.

Airdrops are like crypto giveaways, usually a way for developers to create buzz around some crypto project.

Wallets and crypto exchanges need to support the airdrop for their customers to receive free tokens. If a wallet or exchange does not support airdrop, anyone who holds XRP will not receive any free Spark tokens.

Flare Networks wanted all major crypto exchanges to support the airdrop (they even pushed them to Twitter on Nov 24):

But yesterday, Flare said cryptocurrency exchange Coinbase has “barely engaged with Flare Networks”.

Flare tweeted a warning to Coinbase users that they might miss the airdrop given the little time left for Coinbase to prepare.

Decrypt contacted Coinbase and will update this piece with any response.

Kraken is another major cryptocurrency exchange that hasn’t joined the airdrop.

But other major cryptocurrency exchanges, such as Binance (but not Binance US), have reiterated their readiness for the Flare snapshot on the XRP ledger.

So what happens to Coinbase users? They’ll miss the airdrop, that’s all.