No New Crypto: Coinbase Squashes Exchange Listing Rumors

Coinbase announced Thursday afternoon that, for now, it would not be adding any new cryptocurrencies to either its flagship platform or its other digital asset exchange, GDAX.

In , the company, which currently allows customers to buy, sell, deposit or withdraw , said it wanted to explain its process for adding new assets.

The post cited last year’s , where GDAX outlined the criteria it would follow when considering whether to add a new token or coin to its exchange. The company then stated:

“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.”

The update follows rumors that the exchange would add , and marks the first statement Coinbase made on the matter.

Over the last few weeks, XRP has been on a run, hitting an all-time high of $3.84 on Thursday, according to data site . Just three weeks ago the token was trading for less than a dollar.

XRP fell on Thursday to $3.52 at press time, but maintains its position as the world’s second-largest cryptocurrency by market cap.

image via Shutterstock


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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

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