Ripple, the world’s third-largest crypto-currency, investors, banks, and governments favorite has a major problem. None of the biggest exchange in the US allows Ripple trading! And yes we are talking about CoinBase and Gemini.
And it’s not like Ripple isn’t trying. In fact, it tried to buy its way into exchanges by offering financial investment of $1 Million each and a loan of $100 Million worth of XRP token, reports Lily Katz from Bloomberg.
According to Ripple’s whitepaper, Ripple’s success lies on it being listed on Top exchanges. And according to Bloomberg, US officials have warned unlicensed exchanges to not list token that can be deemed as securities. And Ripple’s centralized natured could fall under this category.
Last month, amidst the speculations of Coinbase adding XRP in their exchange, XRP’s price went up to $1.20 almost 3 times the current price. This indicates, that XRP token’s price would rise if it gets listed on the top exchanges in the US. But so far both CoinBase and Gemini have not listed XRP.
Bloomberg tried to contact both CoinBase and Gemini. Although Gemini, which is owned Winklevoss Twins ( the original founders of facebook, whose idea Mark Zuckerberg stole ), declined to comment. CoinBase on the other hand just sent the link to their adding a new token policy.
Although experts believe that the exchanges are avoiding XRP to protect the interest of Bitcoin.
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