The conversation and speculation of Coinbase finally listing XRP has been a topic of discussion in the crypto-verse from as way back as December 2017, when the crypto-markets were literally firing on all cylinders. This talk of Coinbase adding XRP made the latter digital asset so famous, that it peaked at levels of around $3.80, but only to drop in value till the current levels we are seeing of $0.43.
But things are looking up for the digital asset that is the fan favorite of many HODLers. Coinbase, through its Custody service, has announced plans to support XRP and other 36 digital assets. The Coinbase Custody service is meant to be a secure storage service for institutional investors and high net individuals who want to store their large sums of digital assets in a secure place that has the comforts of a regular bank vault.
Coinbase announced the following with regards to the new support of the 37 digital assets to its storage service:
“Coinbase Custody is exploring the addition of many existing and forthcoming crypto assets for storage only, and will be working to add them as quickly and safely as possible. At this time, we have not yet considered these assets for trading. We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.”
The 37 digital assets are as follows:
- Cardano (ADA)
- ZCash (ZEC)
- Stellar (XLM)
- XRP
- EOS
- Monero (XMR)
- VeChain (VEN)
- Tezos (XTZ)
- Qtum (QTUM)
- Bytecoin (BCN)
- Bitcoin Gold (BTG)
- Decred (DCR)
- Bithsares (BTS)
- ICON (ICX)
- Ontology (ONT)
- STEEM
- Dogecoin (DOGE)
- SiaCoin (SC)
- Wanchain (WAN)
- Nano (NANO)
- Telegram
- Filecoin
- TaTaTu
- Dfinity
- Blockstack
- Basis
- NEO
- DASH
- NEM (XEM)
- TrustToken
- Hedera HashGraph
- TokenCard
- Polkadot
- Kik
- Props
- Origin
- Foam
With this news, the cryptocurrency exchange of Coinbase has more or less opened its gates to finally listing XRP and the above 36 other digital assets on its crypto exchange. This is due to the fact that their high net clients will want an easily accessible exchange to trade their digital assets locked up in the Custody service. What better efficient way than to have an integration into a crypto exchange?
In conclusion, and even with a bear market, the signs and signals from all over the crypto-verse indicate increased interest by Institutional Investors to get into the crypto industry with both feet. One is tempted to predict that by the same time next year, the crypto-markets would have surpassed the $1 Trillion total market capitalization. But let us stay in the present and think of ways of stocking up on the relatively cheap digital assets before they all aim for the Moon.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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