Stellar on Coinbase Can it Make a Way for Ripple?
A popular cryptocurrency exchange has recently made the announcement that, currently, it is looking into listing the following 5 digital assets on stellar on Coinbase –
- Cardano (ADA)
- Stellar (XLM)
- Ox (ZRX)
- Basic attention Token (BAT)
- ZCash (ZEC)
This announcement was made via Twitter. Also, Coinbase stated on their blog, “We are making this announcement (of the 5 cryptocurrencies) internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.”
Listing of Stellar Making Way for XRP onto Coinbase
The second statement was made upon Stellar on Coinbase by the team itself. They surely have a new team of developers at the exchange as they are willing to list the digital assets outside the comfort zones of Bitcoin and Ethereum based protocols. These developers are working hard, trying to integrate these 5 digital assets with the assets of the Coinbase exchange. In return, listing XRP on the stellar on Coinbase would become easier than ever. They will also get the experience of adding new assets on their platform.
The second reason for XRP being listed on Coinbase is one of the Co-founders, Jed McCaleb, and the backgrounds both coins have with him. Once XLM has been added on the Coinbase, someone will surely try pitching the idea of listing XRP, after knowing how the professional networks work in this technology. Another important question is that what if the code behind both the digital assets is same, since both were co-created by McCaleb. If it is, then adding XRP on Coinbase will be as easy as playing a basic computer game.
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The last reason is people at Ripple will notice that XLM is being listed on the stellar on Coinbase platform, and it is more decentralized than XRP. The Ripple team will then surely add additional validators on their network to accelerate the decentralization on the ledger. Once XLM is successful in being listed on Coinbase, Ripple will definitely be motivated to get XRP too listed on it.