Team Ripple has broken the rules of listing on Coinbase. What are the consequences?
Source:
According to preliminary information, the team violated the rules of adding cryptocurrency trading platform Coinbase. This was reported by representatives of the research firm Diar, putting on a matching rule that failed to adhere during the procedure.
Recall that on February 25 XRP Pro on Coinbase. And although it is not the main resource of the exchange, usually large coins fall on coinbase.com a few weeks after listing on the Pro. News about this quickly spread on Twitter that contributed to a sharp jump in the price of cryptocurrency.
theWhat's wrong with this listing?
A Complete list of requirements, according to which new coins appear on the trading platform, is freely available. It is noteworthy that one of the prerequisites of the listing is «a small fraction of developers on a project, the total number of cryptocurrencies in circulation». The Ripple team holds more than 60 percent of all XRP and has a full monopoly on the issue of new coins in circulation.
While the Coinbase representatives have not given any official comment on the matter. However, if Ripple has already appeared on Coinbase Pro, then the exchange's management finally made their decision.
Maybe the company has taken into account the high potential of the cryptocurrency as one of the most promising assets in the nearest future. According to General Director of SBI Holdings, Yoshitake Kitao, just such a Ripple.
Source: Bitcoinist
However, not all analysts adhere to similar opinion. Last month representatives of the firm Messari has published a report which called XRP one of the assets of the market. In other words, now «real capitalization» project must not exceed $ 7 billion.
What do you think about Ripple XRP you? Share your opinion in .
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