chepicap.com
Rumors are circulating that California-based cryptocurrency exchange platform Coinbase, supposedly violated its very own listing policies in order to include XRP in its trading portfolio.
On February 25, Chepicap reported that according to the Coinbase blog, XRP will soon be available for trading on Coinbase Pro.
Read more: It is official! XRP is launching on Coinbase Pro
However, rumors are now circulating that claim that Coinbase Pro has breached its very own listing policies in order to include XRP in its trading portfolio.
According to Diar.co, before Coinbase takes the step to listing a new cryptocurrency asset, it takes in consideration the level of team ownership.
Now Diar.co argues that Coinbase has now clearly abandoned one of their own pillars for the potential listing of the XRP cryptocurrency.
'In their 'Digital Asset Framework' that outlines requirements to be listed, the exchange states that "the ownership stake retained by the team is a minority stake," a fact far from reality as Ripple holds nearly 60% of the supply in escrow with a release schedule.'
Read more: XRP Price Analysis February 27: Coinbase listing helped, but is it enough?
Allistair Milne, a Bitcoin investor, revealed a conversation between him and Elliot Suthers, the Director of Communications at Coinbase.
He asked the Coinbase official about the amount of XRP that were given to Coinbase in return for the listing, what are the selling restrictions, and if Coinbase had asked the SEC if it is OK to sell a security.
Did Ripple pay Coinbase for their token being listed?
— Alistair Milne (@alistairmilne) February 26, 2019
"we're not discussing publicly"#xrp #youregoddamnrighttheydid pic.twitter.com/cuuxWGt6ch
Suthers didn't deny or confirm any of the questions, he just said that he is 'Happy to discuss this off the record, but we’re not discussing publicly.'
However, we can always count on Twitter users having plenty ideas of their own in regards to Ripple paying Coinbase or not.
Ryan Selkis had said on Laura Shin’s Unchained podcast that Ripple offered Coinbase $100M in $XRP (2 years or so ago), but Coinbase declined.
— jDEAN (@imjohndean) February 27, 2019
If that wasn’t enough incentive, just imagine what did the trick.
I think the point here is @Coinbase didn’t list XRP b/c of any supposed impending SEC clarity, or b/c they suddenly love the token. If that were the case they would’ve listed it last year. My guess is Ripple offered them a deal they couldn’t refuse. Snake oil sales 101.
— Mike Thomas (@cryptonitemike) February 26, 2019
If they accepted money to listen shitcoin #securitoken ripplecoin, they must be doing pretty badly. Guess they are not immune from the bear market biting them hard in the a$$.
— Next time will be better? (@paranoidbitcoin) February 26, 2019
What do you think? Did Ripple pay Coinbase to list XRP?