Yesterday, October 16th, Coinbase came out with an announcement of adding 0x (ZRX) to their cryptocurrency platforms Coinbase.com and iOS and Android mobile apps. ZRX is now available for buying, selling, storing, sending or receiving, but not yet for trading. It is available to all the customers except residents in the United Kingdom and in the state of New York.
ZRX or 0x, is an Ethereum blockchain based open protocol designed for decentralized exchanges. With the help of the protocol, decentralized exchanges can speed up the order book process and could eliminate some of the unnecessary transaction fees.
Of course, the Twitter thread under the announcement, as always, went mad because of the reluctance of the Ripple supporters. A lot of tweeters showed confusion, asking what was the above mentioned ZRX, and why Coinbase didn’t add Ripple instead. @alansturgis1 says: “Still in shock you list ZRX but not XRP. Makes no sense at all! Your business ideology is a mystery.”
Some even got offended like @Andyram2k and said things like: “Who says we want #XRP to be on Coinbase? Its gone from a potential outcome to a meme. I think Coinbase needs XRP more than XRP needs Coinbase”
One thing we know for a fact – the Ripple community is very large, and they are willing to defend their asset at any given time. The best thing, what can I say about Ripple, which I read somewhere on the internet, was – Ripple is the Top3 most popular crypto asset in the world, and has been sitting there for quite a while. They have reached these highs with no help of Coinbase. Coinbase has helped Bitcoin, Litecoin and Ethereum in the long run, because last year, Coinbase had 50k users joining their platform per day, and it is the top crypto mobile app in the world! And tell me that doesn’t affect the market of the mentioned assets.
But since Coinbase came out earlier saying that they are willing to add as many crypto assets as possible, I believe the time of adding XRP will also come soon and we could be seeing a lot of new assets added on Coinbase platforms in the near future.
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