PlayIconNav
BTC
$56,878.04+3.43%
ETH
$2,342.28+1.78%
BNB
$516.66+2.02%
SOL
$133.51+3.18%
XRP
$0.53528134+1.27%
DOGE
$0.10273113+6.17%
CD20
$1,809.24+2.53%
TRX
$0.15397022+0.16%
TON
$5.21+5.82%
ADA
$0.34005937-1.76%
AVAX
$23.74+1.92%
WBTC
$56,844.52+3.45%
Ad
Markets

No New Crypto: Coinbase Squashes Exchange Listing Rumors

In a blog post, Coinbase announced it would not be adding any new tokens to its exchange, putting to rest rumors that XRP was a candidate for listing.

By Nikhilesh De
AccessTimeIconJan 4, 2018 at 10:30 p.m. UTC
Updated Sep 13, 2021 at 7:20 a.m. UTC
Untitled design (1)

Coinbase announced Thursday afternoon that, for now, it would not be adding any new cryptocurrencies to either its flagship platform or its other digital asset exchange, GDAX.

In a blog post, the company, which currently allows customers to buy, sell, deposit or withdraw bitcoin, litecoin, ethereum, and most recently, bitcoin cash, said it wanted to explain its process for adding new assets.

The post cited last year’s Digital Asset Framework announcement, where GDAX outlined the criteria it would follow when considering whether to add a new token or coin to its exchange. The company then stated:

“As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.”

The update follows rumors that the exchange would add Ripple’s XRP token, and marks the first statement Coinbase made on the matter.

Over the last few weeks, XRP has been on a run, hitting an all-time high of $3.84 on Thursday, according to data site CoinMarketCap. Just three weeks ago the token was trading for less than a dollar.

XRP fell on Thursday to $3.52 at press time, but maintains its position as the world’s second-largest cryptocurrency by market cap.

Deflated ball image via Shutterstock

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.