Will XRP be listed on Coinbase after the new policy?
The XRP has seen another increase in the last hours that has positioned it as the second most valuable virtual currency on the market. After a while, second, virtual money finally returned to its traditional third position.
However, this sudden increase in prices could be related to a recent announcement made by one of the most important companies in the world of cryptocurrency, Coinbase. Coinbase has announced a new asset listing process that could be very promising for XRP.
The announcement was taken very positively by the XRP community, something that could be seen in the price action seen today by the market.
The San Francisco-based company, Coinbase, has released a new policy to "quickly list all resources that meet our standards and comply with local law". However, no specific announcements related to XRP have been published on the platform.
At the moment, Coinbase has not listed XRP on its platform due to several reasons. In general, when it is said that Coinbase is listing a new virtual currency, the XRP community is very enthusiastic about it. Coinbase is currently listed on Ethereum (ETH), Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH) and Ethereum Classic (ETC).
The company also plans to expand and offer ICO tokens in the near future. This is why Coinbase is working side by side with regulators in the United States as the Securities and Exchange Commission (SEC).
The price of XRP is not the first time that you hit after the entries that could be listed by Coinbase. The same happened in the past when the community started talking about this possibility. However, Coinbase has always responded negatively to the rumors that they have a Digital Asset Framework that highlights the criteria for supporting new assets.
The XRP could suffer a price increase in the coming days. The Swell event that will take place between October 1 and October 2 could be the perfect place to announce the xRapid product that Ripple has worked on. Moreover, if Coinbase lists XRP, its price would certainly increase.
At the time of writing, XRP is the third most valuable virtual currency and has a market capitalization of $ 21.39 billion.