Ripple hadbeenwithin thered zonefor several days after the mid of this year, sheddinga lot ofof its gain from the previous week. However, that all scenario seemed to be modifiedsince yesterday’s eveningafterthe third-largest cryptocurrency surged on a wave ofoptimisticsentiment. As around 22:09universal time, the Ripplewas trading at a price of around $0.477 USD, which at the current time of reporting has hiked to around $0.524 USD.
Thesuddenbump of Ripple camewithin theimmediate aftermath of Coinbase’s announcement thatit absolutely was overhauling its cryptocurrency listingmethod,replacingwhat hadbeen prevailing for the most times as cautious, ad-hoc approachto onethata lot ofclosely mirrors the processes throughthatalternativeexchanges approve coins for listing.
Importantly, the announcementappearsto revealthat Coinbase —one amongstthe foremost exclusive major exchanges —wouldlist aprocessionof newassets,thatthe firmmutually identifiesas one of its customers’ chief requests.
Adding further, Coinbase announced:
“Today we’rerevealinga brand newmethodthat wouldenable us to list most digital assets which are compliant as per thenativelaw, by satisfying listing requestsin an exceedinglyjurisdiction-by-jurisdiction manner. With this shift inprocess, our customerscouldexpect us to list most assets over time that meet our standards.”
Ripple investors have long grumbled that Coinbase had declined to list the token,at the same time asit listedalternativecryptocurrencies with smaller market caps.Whereastoday’s announcementdoesn’tguarantee that the firmcanlist Ripple — there’s still the allegation in some circles that itought tobe regulated as a security — mostalternativegiantexchangeswithin theU.S. and abroad have opened ripple markets.