Very interesting:
Rumors are circulating that California-based cryptocurrency exchange platform Coinbase, supposedly violated its very own listing policies in order to include XRP in its trading portfolio.
On February 25, Chepicap reported that according to the Coinbase blog, XRP will soon be available for trading on Coinbase Pro.
Read more: It is official! XRP is launching on Coinbase Pro
However, rumors are now circulating that claim that Coinbase Pro has breached its very own listing policies in order to include XRP in its trading portfolio.
According to Diar.co, before Coinbase takes the step to listing a new cryptocurrency asset, it takes in consideration the level of team ownership.
https://www.chepicap.com/en/news/7765/did-ripple-pay-coinbase-to-get-xrp-listed-.htmlI'm not aware that XRP is not listed on their Coinbase Pro that's why I was surprised to read this news. It did pumped XRP around 10% though after the news. The argument is that Coinbase Pro takes into account the level of team ownership, which is very questionable since XRP holds around 60% of the supply. Coinbase as per
"The ownership stake retained by the team is a minority stake.". What's your take on this? Did they violated their own policy here or did they accept a paid listing here? Share your thoughts.
Coinbases customer base is not the financial institutions, payment providers and businesses that use RippleNet and would need XRP. From that perspective, you can understand why Coinbase has not yet listed XRP. If individual consumers want XRP, its not because as consumers they are going to use XRP to buy something like with litecoin or bitcoin cash, or as a store of value like bitcoin. If individual consumers are buying XRP, they should be doing so because they believe XRP will be valuable to the financial institutions, payment providers, and businesses that eventually use XRP on RippleNet. Just my two cents on this. Better get going as I continue monitoring my live
trading sessions. Best of luck!