‘No Plans For New Assets’
From highs above $3.60, the latest milestone in what has become the biggest-ever annual appreciation for a major cryptocurrency of around 35,000%, the platform’s XRP token swiftly fell by almost a fifth following the news.
As of press time Friday, XRP is correcting and is still down 9% versus USD and 15.4% against Bitcoin (BTC).
A blog post from Coinbase reads:
As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company.
Coinbase Treads Carefully
Rumors had previously circulated widely that XRP was due to debut on the largest exchange in the US. The veiled nod to those rumors is no doubt a prudent step as Coinbase is continuing to face major criticism and scrutiny after it emerged staff leaked information about Bitcoin Cash (BCH) being added to its books.
Meanwhile, the Coinbase blog post continued to say:
A committee of internal experts is responsible for determining whether and when new assets will be added to the platform in accordance with our framework.