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Topic: Can someone explain to my why? (Read 278 times)

newbie
Activity: 103
Merit: 0
August 14, 2018, 01:35:07 PM
#37
I think the only people that have a reasonable explanation to this if it's true, is the coinbase people. There are responsible for their decisions and I want to believe that they have a reason why they include XRP on their exchange, but just for storage purposes and not to trade. It doesn't make sense though, seeing that all coins on exchanges are for trading purposes.
newbie
Activity: 434
Merit: 0
August 12, 2018, 12:37:00 AM
#36
XRP is the currency version of Ripple. And as till now, exchanges have only occurred through tokens and coins, they are keeping XRP for storage purposes and not for exchange.
sr. member
Activity: 994
Merit: 250
BabelFish - FISH Token Sale at Sovryn
August 09, 2018, 06:37:19 PM
#35
Coinbase would be including XRP but only for storage purposes and not for trading. Can someone tell me why?

the only people who know the reason is only coinbase team my friend
if i'm not wrong at the first time coinbase only a bitcoin wallet,
maybe someday ripple can be tradeable in coinbase
full member
Activity: 406
Merit: 102
August 09, 2018, 06:33:07 PM
#34
Can someone explain to me why this market price in 2018 has dropped dramatically? When will the price of a coin rise again like last year?
sr. member
Activity: 588
Merit: 250
August 09, 2018, 06:23:09 PM
#33
Coinbase would be including XRP but only for storage purposes and not for trading. Can someone tell me why?

With Coinbase, you can completely trade cryptos on it. If you do not trade on Coinbase, then it is possible that your country is being listed among the countries that are not allowed to trade cryptocurrency. I still trade on a daily Coinbase and storage cryptos there daily.
newbie
Activity: 215
Merit: 0
August 08, 2018, 10:29:28 PM
#32
According to Coinbase, the coins that are being listed in the coming future will become available for exchange once they pass the crypto asset framework that is maintained and regulated by CoinBase itself. So, hopefully, we can see these coins being traded on CB very soon.
newbie
Activity: 182
Merit: 0
August 08, 2018, 04:59:35 PM
#31
There was a confusion about the Coinbase that Coinbase will be used for exchange or for trading. But I heard that it will provide the wallet system which were used in previous also but the difference is it can’t be used in trading.
newbie
Activity: 168
Merit: 0
August 08, 2018, 04:44:32 PM
#30
Coinbase will provide only storage service because it will add almost 37 new assets. But they will provide wallets like other blockchain such as bitcoin. But for trading,  Undecided  it will not be used.
legendary
Activity: 2296
Merit: 1031
August 08, 2018, 11:21:35 AM
#29
Well it doesn't make any sense for any exchange to offer a currency simply to hold it and not to trade it.  Coinbase is losing ground to low/no fee exchanges.   Gemini has lower fees and better trade interfaces.  Robinhood has free trading but is only available in a few states.  If coinbase doesn't start offering better and lower cost services then they will lose business.  People already don't like them because the fees are way too high.  They should change their fee structure.  Maybe a percentage like 2 or 3% on trades under $200 and then a flat rate of 5$ for anything over $200. 
newbie
Activity: 350
Merit: 0
August 08, 2018, 11:12:56 AM
#28
I really expect some more clear and specific questions from you, otherwise it will be very hard for us to provides you a appropriate answer,in bitcoin market there are all of issues are available like low price rate, scams, security problem lots of things so if you don't identify specific one it is hard to explain
newbie
Activity: 308
Merit: 0
August 08, 2018, 10:37:30 AM
#27
I think as we all know coinbase is asset of cryptocurrency ,its new assets is XRP and it is top.but it is only use for storage. May be they are not for trading they are only for storage
newbie
Activity: 62
Merit: 0
August 08, 2018, 10:14:20 AM
#26
The coins that are being listed on Coinbase haven't yet met the requirements of Coinbase Digital Asset Framework. As soon soon as they pass the regulations they will be added on the database according to Coinbase.
newbie
Activity: 224
Merit: 0
August 08, 2018, 08:51:53 AM
#25
Coinbase is well know platform to exchange but still have some limitation I think. But I hope it will improve more in future.
full member
Activity: 770
Merit: 102
Matrix Built On An Ethereum Smart Contract
August 08, 2018, 07:46:40 AM
#24
Coinbase would be including XRP but only for storage purposes and not for trading. Can someone tell me why?
The custody service is primarily aimed at institutional clients and not retail clients. One of the things that has been standing in the way of institutional investors investing in crypyocurrency has been the lack of custody services that meet the fiduciary requirements that institutional investors are obligated to meet. Imagine a pension manager trying to explain to clients that it lost their money because it got hacked. Coinbase has obviously seen this as a niche that it wants to exploit.
newbie
Activity: 238
Merit: 0
August 08, 2018, 07:05:30 AM
#23
They just offers crypto wallet. I thought GDAX will exchange now coinbase pro but still the wallet supports the same.
newbie
Activity: 294
Merit: 0
August 08, 2018, 06:39:58 AM
#22
I think coinbase are a platform to build digital resources. Anyone here can assemble wealth. The base of the coins has increased the expansion of the new XPR. In my opinion, this is a very good way to create good opportunities in the future.
jr. member
Activity: 102
Merit: 1
Reserve Your Ledger at GYMLEDGER.COM
August 08, 2018, 04:30:46 AM
#21
I suppose that there should be some reasons for this but do not panic and wait, I think they will trade on the cryptomarket later so be patient and calm, do not make mistakes.
newbie
Activity: 168
Merit: 0
August 08, 2018, 03:45:19 AM
#20
Coinbase is thinking about adding 37 new assets for its Coinbase stockpiling administration. New cryptographic forms of money won't be added to other Coinbase items. To do this, they should first pass the Coinbase computerized asset stage. This procedure incorporates thought by an inside Committee of specialists whose duty it is to confirm that the crypto resource meets the criteria built up in the system.
hero member
Activity: 2268
Merit: 507
August 08, 2018, 01:56:50 AM
#19
This sounds kinda twisted. If xrp will be added to coinbase for storage only, does this mean that coinbase users can only send xrp from another exchange or wallet to their coinbase wallet but will not be able to buy xrp directly from coinbase with btc or eth? Or maybe users can buy at instant quoted price.
That means if the ripple coin doesn't meet the requirement of the regulatory framework of coinbase. It's not compliant and i guess ripple is not meet the minimum requirement and that's why coinbase only adding it to the storage purpose.
member
Activity: 224
Merit: 10
dApps Development Automation Platform
August 07, 2018, 10:57:58 PM
#18
Coinbase would be including XRP but only for storage purposes and not for trading. Can someone tell me why?

According news that I have known, Coinbase haven't accepted XRP yet, and be considering more and may be listed on the next time, so it is storaged in Coinbase's system
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