Rumors have been going around the crypt space about Coinbase planning on offering XRP. While these are just nothing but rumors now, Ripple CEO Brad Garlinghouse expressed that these rumors should become a reality.
Coinbase currently offers bitcoin (BTC), ethereum (ETH), bitcoin cash (BCH), and litecoin (LTC). The exchange is also set on offering ethereum classic (ETC). Being the third most valuable cryptocurrency in the world, ripple (XRP) definitely deserves a spot on the largest US exchange. Ripple even tried to pay Coinbase $1 million for XRP to be listed.
The company helps its institutional clients facilitate faster and more affordable international payments.
“As we solve problems at scale for institutions, I think it’s in Coinbase’s interests to participate in that.”
However, it is speculated that Coinbase is hesitant in listing the cryptocurrency because it might prove to be a security by the US Securities and Exchange Commission (SEC).
Of course, Garlinghouse argued:
“I think it’s really clear that XRP is not a security.”
He explains that XRP tokens are not like traditional securities and stocks in that they actually serve a technological purpose—facilitating speedy money transactions.