During the last week of October, there was a buzz around the cryptocurrency space as the Department of Financial Services [DFS] of the United States announced its support for Coinbase to operate as a crypto-custody.
After Coinbase received approval from DFS, it revealed the name of six big coins that would be added to its Coinbase Custody Trust Company program. The list comprised of Bitcoin [BTC], Bitcoin Cash [BTC], Litecoin [LTC], XRP, Ethereum [ETH] and Ethereum Classic [ETC].
Despite being one of the coins to make the cut for custody services, XRP has still not acquired a listing on the trading platform of Coinbase. Moreover, all the other five cryptocurrencies already continue to trade on the exchange.
Skypilot_crypto, an XRP investor and cryptocurrency space enthusiast on the news stated:
“Even though I do hope coinbase list xrp, when they eventually do I still won’t buy my xrp through coinbase. Why would I when I’ve been buying it through others all this time anyway? What would be the point? If Only They listed it sooner. Timing is everything and they are late”
C3|Nik, the Twitter handle of another cryptocurrency and blockchain space follower also tweeted:
“XRP is officially listed as a supported asset on Coinbase Custody. That does not imply trading support in the normal Coinbase App though.”
On Coinbase using Ripple Labs logo, Michael Nardolillo, an XRP fan, stated:
“With the wrong symbol lmao”
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