Binance CEO Praises XRP Community for Giving Ripple Value and Congrats on Coinbase Addition

XRP, the third largest cryptocurrency in the market appeared in the news a few days ago after being listed on Coinbase Pro, one of the most popular exchanges in the cryptocurrency market. The CEO of Binance, Changpeng Zhao, announced in December 2018 that they were adding support to XRP as a base currency traded against other digital assets.

Now, Mr. Zhao wrote a Tweet in which he says that one of the best ways to identify projects with value is the user base that they have. CZ explained that XRP has a large user base and that the market “votes with their feet, not decentralization idealism.”

His comments come after the Medibit-STO project owner, Afsheen Jafry, asked the CEO of Binance why everyone is celebrating XRP adoption. He has also been criticized for saying that user base represents decentralization.

Changpeng Zhao answered that decentralization idealism is good, but if there is no product and user base ready to embrace it, decentralization ends up being just idealism.

Coinbase has delayed XRP adoption for a very long time. Apparently, the main reason why Coinbase did not list XRP was related to the fact that the U.S. Securities and Exchange Commission (SEC) did not provide clarity regarding the legal status of the XRP cryptocurrency.

Nevertheless, Coinbase has been adding new ERC-20 tokens such as Decentraland (MANA) or Loom Network (LOOM) to its trading platform, even before adding XRP. After several months and years of community requests, Coinbase added XRP support and it is currently traded against Bitcoin (BTC), the US Dollar (USD) and the Euro (EUR).

Changpeng Zhao and other industry leaders are now very positive and bullish about the future of the space and XRP. Zhao said that he likes to think that they were able to contribute to the adoption of XRP.

“The more adoption, the better, and the faster thing move around the world. It’s spreading,” he said.

XRP is currently the third largest digital asset in the market. It has a market capitalization of $12.96 billion and each coin can be transacted for $0.31.

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