'No Decision' on New Assets, Coinbase Says Amid Ripple Rumors

Coinbase announced Monday that it was not adding any new assets to either its GDAX or Coinbase exchange platforms.

AccessTimeIconMar 5, 2018 at 9:30 p.m. UTC
Updated Aug 18, 2021 at 8:23 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

U.S. cryptocurrency exchange Coinbase is pushing back against rumors it may soon add Ripple's XRP token to its existing trading pairs.

The speculation originated after it was revealed that Coinbase chief operating officer and president Asiff Hirji would appear alongside Ripple chief executive Brad Garlinghouse on a special episode of CNBC's "Fast Money" program on March 6. And despite any hard evidence of the presumed listing, the price of XRP rose to over $1 on Monday on the news.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Following hours of radio silence on the issue, Coinbase took to Twitter to quell the rumors, stating that a January statement about listing new cryptocurrencies – which details how a "committee of internal experts" ultimately makes those decisions – hadn't changed.

    As for the planned CNBC segment, it's not entirely clear at this time whether Garlinghouse and Hirji will speak on a panel together or appear separately.

    Host Melissa Lee tweeted a screenshot of a promo for the crypto-themed segment earlier today, which also lists Passport Capital founder John Burbank and Social Capital founder and CEO Chamath Palihapitiya.

    A spokesperson for Ripple declined to comment on the rumors when reached.

    Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple and Coinbase.

    XRP tokens image via Shutterstock

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.