Why Ripple Thinks Coinbase Should Add Cryptocurrency XRP
Big swings in the price of XRP, now the world’s third most valuable cryptocurrency, have largely been driven by one factor in recent months: Rumors that Coinbase, the largest U.S. Bitcoin exchange, will begin offering XRP. While Coinbase has yet to do so, Brad Garlinghouse, CEO of Ripple, the company that created XRP, argued publicly for the first time Thursday that it should.
Coinbase currently offers buying and selling of Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, but XRP, whose roughly $21 billion market capitalization exceeds that of all other cryptocurrencies except Bitcoin and Ethereum, has been passed over, despite reports that Ripple, which owns more than half of XRP’s digital tokens, tried to pay Coinbase $1 million to list it. Ripple is down 4.37% over the past 24 hours and is currently trading at $0.515233. It can be bought with fiat dollars, credit or debit cards on CEX.io and Changelly.