Ripple Denies Paying For Coinbase's XRP Listings, Was Independent Decision By The Unicorn Crypto Company

Ripple Denies Paying For XRP Listings On Coinbase

Ripple’s XRP token was recently listed on Coinbase. After this happened, some people started to talk about whether the company had paid to list the tokens or not.

The rumors started mostly after Alistair Milne has shared an image of an email with Coinbase’s director of communications saying that they were not discussing publicly whether Coinbase has chosen to pay fees to be listed or not.

This has made a lot of people start discussing the subject on social media and several people started to believe that Ripple had, in fact, paid for the listing. This prompted Miguel Vias, Ripple’s head of XRP markets, to tweet. In this tweet, he said that the company is happy to go on record and affirm Coinbase listed XRP as an independent decision.

He also affirmed that “XRP is not our token”, a clear move to distance Ripple from XRP, something that the company has been trying to do for a while now as some people claim that XRP is too centralized or that it is, in fact, a security token.

Ripple Has Been Accused Of Trying To Buy Its Entrance In Coinbase and Gemini In The Past

Bloomberg has also reported last year that it had four anonymous sources with “direct knowledge of the matter” that claimed that Ripple wanted to buy its way into Coinbase and Gemini, which intensified the rumors that the exchange has done just that.

According to Bloomberg’s reports, a Ripple exec asked whether $1 million USD could persuade Gemini to list its token and that several executives were interested in exploring the strategies to do it.

There have been also reports that Ripple was willing to lend Coinbase over $100 million USD worth of XRP in order to get the listings. According to Bloomberg, Ripple told Coinbase that it would pay back the loan in XRP or dollars.

The Listing And The Controversies

There were also many rumors back in 2017 that XRP would be listed on Coinbase, which we all know that ended up not happening due to unknown circumstances. The actual listing ended up happening on February 25, after a long time. The price of the token was up 6% before the announcement, which also prompted discussions about insider trading.

After the rumors started to get stronger, the XRP community had a very negative reaction to them, as well as to come up against Alistair Milne. When the Ripple representative finally clarified the matters, the community was calmed down a bit, though.

Milne has not left the matter alone, though, as he says that he will only back down and apologize if the companies show proof that they made no transfers to each other. However, Ripple nor Coinbase responded to his tweets after the initial issues.

Anthony Pompliano, a well-known Bitcoin maximalist and the founder of Morgan Creek Digital, has called out Vias to his podcast on the mentions of Vias’ original tweet, but the man has not answered him at the time of this report.

Crypto Price Predictions: Today's Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) and EOS Forecasts (Feb 28)

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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