Ripple Head of Markets: XRP Token Listing Was ‘Coinbase’s Independent Decision’

Published at: March 1, 2019

Blockchain payment network Ripple did not influence United States cryptocurrency exchange Coinbase’s decision to list XRP, a senior executive claimed on social media on Feb. 27.

As part of a Twitter debate involving United Kingdom-based entrepreneur and investor Alistair Milne, Ripple’s head of markets, Miguel Vias, broke ranks with previous correspondence from Ripple about Coinbase.

Milne had written to the company asking for comment on rumors, which assert that Ripple either paid or offered an incentive to Coinbase in order to list XRP on its professional trading platform, Coinbase Pro.

In response, Coinbase’s director of communications, Elliott Suthers, refused to discuss the issue in public, offering only the option of a private conversation.

After Milne uploaded a screenshot of Suther’s email to Twitter, Vias weighed in, denying outright any allegations.

“We’re happy to go on the record,” he wrote, contradicting Suther’s perspective, adding:

“Coinbase’s listing of XRP (also, not “our token”) was Coinbase’s independent decision - we did not give them anything to make it happen.”

The episode caps continued controversy at Ripple. As part of his tweet to Milne, Vias further rejected Milne’s previous description of XRP as belonging to Ripple — a subject which continues to yield contradictory statements from the company’s own executives and independent researchers.

A further debate, also impacting on Coinbase, involves XRP’s status as a security token under U.S. law.

Yesterday, Feb. 28, Coinbase announced that it had added XRP to its other platforms, in addition to Coinbase Pro. The firm stated that users can now purchase, sell, convert, send, receive and store XRP both on Coinbase.com and the Coinbase Android and iOS apps.

Coinbase has also faced mixed publicity over the past month, with a decision to take over blockchain data company Neutrino sparking major concerns from some cryptocurrency community sources.

Tags
Related Posts
The responsibility behind a crypto lender’s asset listing
Crypto lenders are the institutions situated between consumers and the untamed, blockchain-based, and often unregulated space of cryptocurrencies. As such, they are in a peculiar position when it comes to responsibility towards their customers and the assets for which they provide services. Consequently, when choosing which currencies to support, lenders lead a delicate dance of responsibility, a balancing act between catering to popular demand and adding cryptocurrencies that are sustainable, worthwhile and safe. Demand vs. approval: The question of endorsement It’s unsurprising that in a nascent industry full of new investors, a lender’s asset integration is often taken for endorsement. …
Blockchain / Oct. 16, 2021
Coinbase, Ripple Leave Top 10 of LinkedIn's ‘Hottest’ Startups List
Cryptocurrency exchange Coinbase and Ripple, the blockchain startup behind XRP, have fallen out of the top 10 of this year’s business and employment-oriented service Linkedln’s “The 50 hottest U.S. companies to work for” list. According to LinkedIn’s new list published on Sept. 4, Ripple moved to the 28th place (was seventh in 2018) while Coinbase’s position was downgraded to 29th (was third in 2018). Stock and crypto trading startup Robinhood mostly retained its position, moving from the sixth place in 2018 to the 7th in 2019. Crypto startups are falling out On the other hand, Gemini Trust Company, the custodian …
Ethereum / Sept. 7, 2019
Coinbase Now Supports Cryptocurrency Token EOS
Major United States-based cryptocurrency exchange and wallet service Coinbase has added support for EOS, according to a press release on May 30. The new addition is reportedly available for trading and storage in most areas covered by Coinbase, with the exception of the United Kingdom and New York at press time. The announcement also notes that there are no transaction fees associated with EOS; the cost is instead paid in computing resources, such as a tax on RAM, CPUs, or network bandwidth. Users that run the network also earn EOS by contributing to the computational power needed to run transactions. …
Decentralization / May 30, 2019
Coinbase Pro Adds Support for XRP
Coinbase Pro, the professional offering of United States-based crypto trading platform and wallet service Coinbase, is adding support for Ripple’s XRP token. Coinbase announced the development in an official blog post on Feb. 25. Per the announcement Coinbase Pro will now accept deposits of XRP for a minimum of 12 hours before enabling full trading. Coinbase notes that it will first establish sufficient liquidity on the platform, opening trading pairs in U.S. dollars, euro and Bitcoin (BTC) in phases. Full trading of XRP will be available to customers in the U.S., Canada, the European Union, the United Kingdom, Singapore and …
Adoption / Feb. 25, 2019
Major Crypto Exchange Coinbase ‘Explores’ Listing XRP, Cardano, EOS, Others
Major United States-based crypto exchange Coinbase is “exploring” the possibility of providing trading support for over 30 cryptocurrencies. Potential new additions include Ripple (XRP), EOS and Cardano (ADA), according to a press release published Friday, Dec. 7. The company has revealed a list of 31 cryptocurrencies, including the aforementioned three, as well as NEO, Tezos (XTZ), and others. Coinbase states that it “will be working with local banks and regulators to add them in as many jurisdictions as possible.” List of cryptocurrencies Coinbase is considering to add. Source: blog.coinbase.com Coinbase added that a cryptocurrency being present in the list is …
United States / Dec. 7, 2018