Cryptocurrency Exchange

Coinbase Signaled at Listing More Coins, Ripple Price (XRP) Spiked as a Result

Ripple price (XRP) kept falling almost the whole day and discharged ample amount of its phenomenal gain from the last week. A positive announcement changed the scenario in favour of Ripple price.

Coinbase a massive name in cryptocurrency exchange released news, and that uplifted the Ripple price on Tuesday evening, which was hopelessly down. From an intraday low of $0.436, Ripple price jumped to $0.478, As of 22:09 UTC. It was a sudden positive change. Thus Ripple price came out of a downbeat trend.

Coinbase announced that they would be rebuilding its cryptocurrency listing procedure. Previously they had cautious, ad-hoc approach to one that closely reflects the processes through which other exchanges approve coins for listing.

Notably, it indicates that Coinbase will start listing the new set of assets, as it is major customer demand, according to the Coinbase firm. To know about the assets list offered by Coinbase, you can read the Coinbase review post.

In the firm announcement, they said, “Today we’re announcing a new process that will allow us to rapidly list most digital assets that are compliant with the local law, by satisfying listing requests in a jurisdiction-by-jurisdiction manner.” Further added, “With this shift in process, our customers can expect us to list most assets over time that meet our standards

XRP investors complained for a long time about Coinbase’ rejection towards listing the token. Even though other cryptocurrencies with lesser market caps were on the list. This announcement does not confirm XRP’s position in the list, but speculations are there in some circles that it should be regulated as a security. Also, most of the other large exchanges in the U.S. and abroad have welcomed Ripple markets.

It is obvious that Ripple fans are eagerly waiting for the results subjected to (XRP), and hoping for a green signal announcement !!

Gerald Butler

Gerald has been engaged in the financial markets since 2005. He is double graduate with economics and social communication. In his initial career years, he worked as a news writer and later as an analyst in a foremost financial firms. After joining CryptoInvoke, he is working as a news editor covering cryptocurrency news with latest trends and analysis.

Recent Posts

The evolution of peer-to-peer rewards in Crypto networks

The history of peer-to-peer (P2P) rewards in crypto networks has been one of the most…

4 months ago

The sustainability of Bitcoin and its impact on the environment

Bitcoin, the oldest and most popular cryptocurrency in the world since its 2009 beginning, has…

5 months ago

How are emerging technologies transforming games of chance?

Games whose outcome is purely based on chance are clustered under “games of chance.” Their…

5 months ago

What are Binance’s strategies for capturing the gaming market?

Binance is a major crypto e­xchange. It offers many digital currencie­s for trading. Binance is…

5 months ago

Unlocking Crypto’s power: why you should embrace blockchain for next-level transactions!

Blockchain changes how we do transactions. It makes the­m more secure, transpare­nt, and efficient than…

6 months ago

How NFTs revolutionize fan engagement in the world of sports

The world of sports has always been a global sensation, but thanks to technological advancements,…

6 months ago