Team Ripple has broken the rules of listing on Coinbase: What are the consequences?

Team Ripple has broken the rules of listing on Coinbase: What are the consequences?

According to preliminary information, a team of developers Ripple broke the rules of adding cryptocurrency trading platform Coinbase. This was reported by representatives of the research firm Diar, putting on a matching rule that failed to adhere during the procedure.

Recall, February 25 XRP appeared on Coinbase Pro. And although it is not the main resource of the exchange, usually large coins fall on coinbase.com a few weeks after listing on the Pro. News about this quickly spread on Twitter that contributed to a sharp jump in the price of the cryptocurrency.

What is wrong with the listing?

A complete list of requirements, according to which new coins appear on the trading platform, is freely available. It is noteworthy that one of the prerequisites of the listing is “a small fraction of developers on a project, the total number of cryptocurrencies in circulation”. The Ripple team holds more than 60 percent of all XRP and has a full monopoly on the issue of new coins in circulation.

However, not all analysts adhere to similar opinion. Last month representatives of the firm Messari has published a report which called XRP one of the most overvalued assets in the market. In other words, now “the real capitalization” of the project should not exceed $ 7 billion.

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