Meantime, it has become known how Ripple last year attempted to be listed ter the two major American Exchanges, Coinbase and Gemini. Albeit the company has suggested some significant financial incentives, XRP has not bot listed on any of the two Exchanges.
According to insiders, ter the 2nd half of 2018 Ripple made a massive attempt to have XRP listed at Gemini and Coinbase. A listing at the two exchanges would most likely have driven the price of XRP upwards again. Because Gemini and Coinbase merienda again talent many investors the chance to buy XRP. The Coinbase app wasgoed even at times even number 1 te the American App Store (iOS).
To be listed on Gemini, Ripple suggested the company $ 1 million te specie and also desired to voorkant potential listing costs. So far, only Bitcoin and Ethereum can be traded on Gemini, the stock exchange operated by the Winkelvoss twins.
Even more attractive is Ripple suggest to Coinbase failed. For the listing of XRP Ripple would have loaned the company XRP worth 100 million dollars, so that Coinbase has enough liquidity for XRP trading. The XRP would have bot able to repay Coinbase ter XRP or US dollars. Considering the fact that the XRP price has risen significantly spil a result of the listing with Coinbase, Coinbase could have made a gepast profit on the repayment ter US dollars. If the price had doubled spil a result, would have come together so quickly 100 million euros profit.
Like Gemini, Coinbase has determined not to list XRP. One of the main reasons for this may be that the classification of XRP ter the US is still unclear. Some assume that XRP is a security token similar to a stock, spil Ripple Labs still wields most of the tokens it possesses. The US regulator, SEC, has not commented on that, either one way or the other. But if it turns out that XRP is a security token, then Coinbase and Gemini would need an exchange license to trade XRP. The entire proces would be more similar to a listing on Nasdaq.
Eventually, it should be noted that a listing of XRP at Coinbase and Gemini will not take place ter the near future, at least not until the classification of XRP is clarified, even if there are always other rumors.