Cryptocurrency exchange startup Coinbase has put an end to the rumors that suggested that it going to add support for Ripple’s XRP token on its platform.
In a blog post today, Coinbase said:
“As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.”
Coinbase’s Global Digital Asset Exchange (GDAX) released the framework on evaluating digital asset listings on the platform in November 2017. It said that a committee of internal experts determines the new assets that are added to the platform in accordance with the framework.
The exchange currently supports a number of cryptocurrencies including bitcoin, Litecoin, Ethereum, and bitcoin exchange.
Following Coinbase’s announcement, Ripple slid 20 percent from the fresh all-time high of 3.34 levels (Kraken). The cryptocurrency has seen a spurt in its price over the past couple of weeks. It has also claimed the position of second most valuable cryptocurrency by market cap, dethroning Ethereum (see image below).
XRP/USD is currently trading at 2.90 levels at the time of writing.
