CEO of Ripple, Brad Garlinghouse recently had a chat with Fortune, during which he called on Coinbase to add XRP to its list of supported cryptocurrencies. Coinbase is currently the largest cryptocurrency exchange platform in the U.S. in terms of trading volume.
The source also informed that in his official comments, Ripple CEO highlighted that the major exchanger will greatly profit by listing XRP tokens as Ripple is currently the third-ranked cryptocurrency in the market in terms of market capitalization.
In addition to impressive performance currently in the market, Ripple has been signing strategic partnerships with banks all around the world. Due to its specific solutions in banking industry, Ripple seeks to provide real-world utility for the company that will drive the price of XRP tokens even higher.
However, despite all of all the positive developments for Ripple, the major exchanger has not yet listed XRP, which surely can be full of opportunities for the cryptocurrency as well.
Currently Coinbase officially lists such major cryptocurrencies as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and will soon add Ethereum Classic as well.
Back in in March this year, Coinbase released an official statement which confirmed that the platform “would only list cryptocurrencies that have been cleared by financial regulators as not being securities”.
“I think it’s really clear that XRP is not a security. XRP’s blockchain, or public ledger, exists independent of Ripple, and would keep functioning even if the company failed; what’s more, XRP tokens serve a technological purpose (facilitating monetary transactions) that traditional securities like stocks do not. XRP also does not entitle its holders to a stake in Ripple the company itself”, said Garlinghouse in his recent interview. Garlinghouse also confirmed that he is not able to predict when and if Coinbase would list XRP any time soon.