Why Ripple was not listed by Coinbase and Gemini

Ripple has had some partnerships in the last few months. However, two partnerships could not be entered, with the largest crypto currency exchanges in the United States - Gemini and Coinbase *.

Anonymous sources with a serious charge

According to Bloomberg, four anonymous sources claim that Ripple has offered financial incentives to the popular American crypto currency exchanges Gemini and Coinbase.

A ripple manager allegedly offered Gemini a $ 1 million payment to list XRP, the third largest market capitalization cryptocurrency. Including the offer to cover the associated costs.

Insiders also reported that Ripple, Coinbase offered XRP tokens worth more than $ 100 million as a loan, with the option to repay the loan in either XRP or USD. So you could have benefited extremely from the boom after the listing. Both Gemini and Coinbase both rejected the offer. Ripple, however, denies these allegations. The company spokeswoman Emmalee Kremer:

Regardless, Ripple has always been transparent about our focus on building and growing a strong XRP ecosystem. We want XRP to be the most liquid digital asset to enable faster and cheaper global payments.

What keeps Ripple's digital currency XRP away from Gemini and Coinbase is the fact that the company is centralized.

The fact that XRP is controlled by a single company is undeniable and may possibly mean that Ripples cryptocurrency falls under the classification of a security - which requires a license from the US authorities.

If XRP were to receive such a rating, it would be unattractive to engage in cryptocurrency trading at this time - as both the securities themselves and the stock exchanges that offer securities are subject to much stricter rules.

If Gemini and / or Coinbase had accepted Ripple's payment, it would also be a high penalty for both companies. It seems that in the near future XRP will have little luck to be listed on Gemini or Coinbase - at least until it has solved its centralization problem.