Joining the exclusive club of Coinbase listee’s is a goal for any serious cryptocurrency. The positive effects of this cannot be overlooked; this event is one of those rare ones where both the rumor and the news cause people to buy in. The reasons for this aren’t exactly unknown, as the US-based exchange is one of the biggest and most respected platforms in the cryptoverse.
This market is dead right now and people are looking for catalysts, such as listing their token on Coinbase. Acceptance and ease of access is everything in the crypto world. The easier it is to buy something, the more demand will increase, which, in turn, increases value. Coinbase makes it simple for non-technically minded people to invest in cryptocurrencies using fiat. A number of analysts have already speculated that one of the world’s largest exchanges, servicing 32 countries, will be adding Ripple shortly.
However, the heavy centralization of its supply and blockchain go against Coinbase’s requirements and against the decentralized principles of cryptocurrency. Some experts feel that it’s worth asking if XRP is even a real cryptocurrency. With all this in mind, one thing is for certain: a lot of stars will need to line up before XRP becomes a part of Coinbase’s all-star lineup.