Cryptocurrency exchange Coinbase says it won't be adding Ripple… for now

Coinbase has quashed rumors that cryptocurrency Ripple (XRP) is due to make its debut on the trading platform.

The company in a blog post said that it will follow the digital asset framework it released a few months ago highlighting the criteria for adding new digital assets to its exchanges.

The Coinbase announcement today doused previous rumors that the coin buying and selling platform was adding another new coin in the near future.

"We wanted to give our customers details about our process for adding new assets to our trading platform".

Ripple, the white-hot crypto currency that more than doubled in the past week, plunged as much as 20 percent after Coinbase said it's not adding any new coins to its exchange at this time.

Coinbase, one of the largest crypto exchanges in the world, published a post yesterday saying they have not made any decision to add any additional digital assets to either GDAX or Coinbase. The platform now supports only four cryptocurrencies - Bitcoin, Ethereum, Litecoin and Bitcoin Cash, with the last one added only a couple weeks ago. "Any statement to the contrary is untrue and not authorized by the company". The statement may have been responsible for the quick decline in Ripple from about $3.30 to $2.50 (it's now at $2.78). The coin's total market capitalisation now stands at $117.5 billion.



Latest news

'They didn't harm me'; Pakistan releases new Kulbhushan Jadhav's video
On December 25 in Islamabad, A meeting took place between Jadhav and his kin on the demand of the Indian government. The family of Kulbhushan was anxious about his health after they saw him. "I said do not worry Mummy".

Stephen Colbert posts "for your consideration" ad for Trump's fake news awards
And two, is Australia now accepting applications? "Steven Bannon has nothing to do with me or my presidency". "Trump was planning on failing and walking away with the fame and the money", the host went on.

Salman Khan-Katrina Kaif Starrer Tiger Zinda Hai Second Week Business!
On Thursday, the Ali Abbas Zafar-film pocketed another Rs 5 crore bringing the grand total to Rs 291.55 crore, he tweeted. Speaking of Bharat , we now know that it was Salman Khan himself who approached Ali to direct the film.

Bieber museum exhibit to open in Ontario
The exhibit has been dubbed " Steps to Stardom ", referencing his early shows on the steps outside the local Avon Theatre. But once a visiting politician from Ottawa raised the idea last summer, it picked up steam.

Airtel Offers Cashback Worth Rs. 1500 on Select Samsung 4G Smartphones
Vodafone has announced a strategic partnership with Samsung to provide select Samsung 4G smartphones at affordable prices. They'll then have to stick to the same Rs 2500 in recharges for the next 12 months to get the remaining Rs 1200.

Other news