A couple of months ago when Coinbase announced its intention to open a new branch in Japan, so many virtual exchanges supported Ripple XRP as their chosen trading option. Their choice of the crypto is based on its wide acceptance and popularity.
“Today we’re announcing a new process that will allow us to rapidly list most digital assets that are compliant with local law, by satisfying listing requests in a jurisdiction-by-jurisdiction manner. In practice, this means some new assets listed on our platform may only be available to customers in select jurisdictions for a period of time.”
XRP seems to be more positioned than other cryptos to benefit in the listing from every indication. This announcement made a positive impact on XRP price which increased sharply by 9%.
Ripple CEO, Brad Garlinghouse from his statement showed he was looking up to the listing, he said Coinbase would gain by listing XRP since his network solves problems at scale for both government and private institutions.
Coinbase has since then listed some other cryptos but not yet XRP, now investors who have to wait in anticipation are now beginning to doubt if the digital platform is willing to list Ripple XRP even when it has met all standards.
The issues of Ripple having an ongoing court case with some of its investors could affect Coinbase decision to add XRP on its platform. Coinbase could be cautiously waiting for the court to decide whether XRP is a security.
A US-based attorney, Jake Chervinsky, said he has been bombarded a lot of times with the question ‘is XRP really a security’ which he couldn’t answer because it is for the jury to decide.
From all indications, Coinbase integration of XRP would likely wait until the court takes a decision on the ongoing case.