Ahead Of Latest Coinbase Listings, ERC20 Tokens Rise
Coinbase is set to release its first set of virtual assets of 2018 and one digital most likely not to be included in this list is the ripple. The Ceo of the US exchange Brian Armstrong who is passionate about ethereum has not acknowledged that its next product will be ERC20 tokens. As investors improve on the most likely token to be included in the list, Ox and REP (Augur’s native token) prices rise as well.
A ripple caused by latest Coinbase
For weeks, bitcoiners have received a lot of negative news concerning the exciting industry. However, on Monday evening, they prompt news outlets to spread the positive news in which Coinbase was ready to establish new tokens. Back in December, is the last time the US exchange included a fresh asset, which was bitcoin cash. That resulted in allegations of insider trading that rose the price before the news which had a lawsuit as an outcome. Nevertheless, in this case, Coinbase seeks to inform the public in a more gentle manner, determining that it will increase support with relation to ERC20 tokens, leaving just one uncertainty of which asset to list. The exchange detailed:
“We’re excited to announce our intention to support the Ethereum ERC20 technical standard for Coinbase in the coming months. This paves the way for supporting ERC20 assets across Coinbase products in the future, though we aren’t announcing support for any specific assets or features at this time.”
Coinbase desires Ethereum
Well documented is Brian Armstrong passion for ethereum. Previously the CEO was branded for being involved with ethereum dapp browser at that moment when bitcoin value was at its peak and Coinbase was yet to execute batching or Segwit. It does make sense that Coinbase would include ethereum tokens before the ripple which has risen twice at least during this year over fake Coinbase news.
On Monday, the Diar’s weekly has seemed to have “called it right” as reported by News.bitcoin.com. This consist of the measures Coinbase utilizes to make a decision on which asset to put on the list. Coinbase declaration is key that “the ownership stake retained by the team is a minority stake” and a majority of the XRP is located with Ripple, as a result, Ripple will be disqualified. For the exact reason, stellar may not be included, in the meantime dash in spite of its high liquidity and current fiat trading pairs (another Coinbase requirement) may be exempted based on its secrecy attributes.
Seemingly more likely is the addition of augur to Coinbase based on a tip by Diar’s, as well as does 0x, an anticipation swaggering three advisors who are the former or current staff of Coinbase. Off the news both assets alongside with ERC20 tokens like OMG and SNT rose in price, however, were not able to withstand their drive in another bad day for the industry. Coinbase has been having a positive week, having the only feature in the intro to HBO’s Silicon Valley.
