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Coinbase Crushes Rumors of New Exchange Listing



Coinbase announced that at the moment, it would not be adding any new cryptocurrencies to either its flagship platform or its other digital asset exchange, GDAX.

Coinbase, a firm that allows customers to buy, sell, deposit or withdraw bitcoin, litecoin, ethereum, and most recently, bitcoin cash on their exchange, made the announcement in a blog post.

“We wanted to give our customers details about our process for adding new assets to our trading platform.

“Our mission is to be the most trusted and easy-to-use digital currency exchange.

“We believe sharing this process with our customers is an essential part of building that trust,” the blog post said.

The post discussed last year’s Digital Asset Framework announcement, where GDAX listed the criteria it would follow when considering whether to add a new token or coin to its exchange.

“A few months ago, we released our Digital Asset Framework which highlights our criteria for supporting new assets.

“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.

“These individuals — and all employees at Coinbase — are subject to confidentiality and trading restrictions.

“Coinbase will announce the addition of new assets only via our blog post or other official channels,” it continued.

The company then announced:

“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 comes after rumors that the exchange would add Ripple’s XRP token.

The post marks the first comments Coinbase has made on the matter.

Over the last few weeks, XRP has been on a massive surge, hitting an all-time high of $3.84 on Thursday.

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.

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