Ripple Reportedly Violates Coinbase’s Listing Rules
Ripple (XRP) is reportedly violating one of Coinbase’s listing rules after the cryptocurrency exchange added support for the altcoin on the its Pro platform. A report by blockchain research firm Diar states that XRP breaks one of Coinbase’s requirements to be listed on the platform.
In its “Digital Asset Framework,” Coinbase states that “the ownership stake retained by the team is a minority stake,” while, according to Diar, Ripple holds around 60 percent of the supply in escrow with a release schedule.
Coinbase Pro added support for XRP token on Feb. 25th. In the announcement, Coinbase stated that full trading of XRP will be available to customers in the U.S., Canada, the European Union, the United Kingdom, Singapore and Australia, while also planning to expand its services to other countries at a later date.
XRP turned out to be one of the biggest winners on the day, reaching $0.337 following a gradual decline from the weekly high of around $0.341 on Feb. 19.