How does Coinbase's decision not to add Ripple affect the cryptocurrency market?

3 answers

• Dec 16, 2021 · 3 years ago
  Coinbase's decision not to add Ripple can have a significant impact on the cryptocurrency market. Ripple is one of the top cryptocurrencies in terms of market capitalization, and being listed on Coinbase would have provided it with a major boost in visibility and accessibility. Without Coinbase's support, Ripple may face challenges in attracting new investors and gaining mainstream adoption. This decision could also affect the overall sentiment towards Ripple, potentially leading to a decrease in its value. However, it's important to note that Ripple is listed on other major exchanges, so it still has opportunities for growth and trading.
  646323
• Dec 16, 2021 · 3 years ago
  Well, Coinbase's decision not to add Ripple is definitely a blow for Ripple enthusiasts. Coinbase is one of the most popular and trusted cryptocurrency exchanges, and being listed on their platform would have given Ripple a lot of credibility. However, Ripple is already listed on several other exchanges, so it's not the end of the world. Ripple's success doesn't solely depend on Coinbase. There are still plenty of investors and traders who believe in Ripple's potential and will continue to support it regardless of Coinbase's decision.
  540180
• Dec 16, 2021 · 3 years ago
  As an expert at BYDFi, I can say that Coinbase's decision not to add Ripple will certainly have an impact on the cryptocurrency market. Ripple has been one of the most talked-about cryptocurrencies, and many investors were eagerly waiting for it to be listed on Coinbase. This decision might lead to a short-term decrease in Ripple's price, as some investors might sell their holdings due to the disappointment. However, Ripple is listed on other major exchanges, and its strong fundamentals and partnerships will continue to drive its growth in the long run. So, while Coinbase's decision is disappointing, it doesn't change the overall positive outlook for Ripple.
  666167