It has been a long time since the Ripple team anticipated this news and, finally, the third largest cryptocurrency by market capitalization is now accessible on the Coinbase stock exchange.
The Ripple company and his structure have raised some debate over the year about the nature of his cryptocurrency XRP, believed by certain people among the community as a security token, but a listing on the well known digital asset exchanges would help turn silent those allegations.
Coinbase is providing cryptocurrency exchange services and with the incentive of satisfying his client it has to bring to his platform the best tools available on the market and Ripple, with its increasing adoption in the market and the features provided by its platform, is becoming an unavoidable cryptocurrency.
Recently the Coinbase platform officially announced that the Ripple‘s cryptocurrency will be available on their platform, they stated:
“When XRP?? Now! XRP/USD, XRP/EUR, and XRP/BTC order books will soon enter transfer-only mode, accepting inbound transfers of XRP in supported regions. Orders cannot be placed or filled. Order books will be in transfer-only mode for a minimum of 12 hours”
Despite being for many investors and enthusiasts a clear proof that the cryptocurrency is nonsecurity, a government enforcement defense and securities litigation attorney, Jake Chervinsky stated that it is too early to reach this conclusion and that this listing by Coinbase could just be an evaluation of the potential benefits, he said:
“It’s tempting to speculate about the legal implications of Coinbase’s decision to list XRP, but there are too many variables at play to draw any solid conclusions. The only reasonable inference is that Coinbase believes the benefits outweigh the costs (including legal risks).”
However, shortly after the Coinbase listing announcement, the XRP price surged in the market, gaining 10 percent of its value, this surge in the XRP price is probably a sign of acceptance among the community, but while this announcement is good news for Ripple, the question of the nature of the XRP cryptocurrency remains in the air.
