Coinbase Indirectly Denied Ripple Listing Rumours

This conclusion can be made due to Twitter post of Coinbase account
06 March 2018   2336

Representatives of the largest US cryptocurrency exchange Coinbase indirectly rumors that  the exchange will list the XRP.

Our January 4th, 2018 statement continues to stand: we have made no decision to add additional assets to either GDAX or Coinbase.
Any statement to the contrary is untrue and not authorized by the company.


For the first time rumors about the XRP listing appeared after the news that the chief operating officer and president of Coinbase Asiff Hirji together with executive director Ripple Brad Garlinghouse will be guests of the special issue of the program 'Fast Money' on the CNBC channel. Despite the absence of any other information, after the announcement, the XRP course went up and overcame the $ 1 mark.

In addition, it is still unclear whether Hirji and Garlinghouse will appear in the studio together, or each of them will have its own segment.

Recently the ex-manager of LinkedIn Emily Choi took the post of vice-president of Coinbase, and at the end of last year, the former president and chief operating officer of the site became former advisor to Andreessen Horowitz Asiff Hirji.

Coinbase to Have Over 960k BTC in a Vault

The company does not have direct access to these funds, which are also insured by the Federal Deposit Insurance Corporation
02 December 2019   160

Coinbase cryptocurrency exchange stores about 966,230 BTC in cold wallets of its custodian service, whose capitalization is about $ 7.1 billion. The company does not have direct access to these funds.

Exchanges' Funds
Exchanges' Funds

The second place in terms of funds in the cold storage is held by the BitMEX exchange with 265,140 BTC ($ 1.94 billion). This is followed by the Bitstamp platform - 229,490 BTC ($ 1.67 billion), Bitfinex - 146,120 BTC, Kraken - 136,780 BTC, Bittrex - 131,340 BTC and Coincheck - 35,090 BTC.

Note that Coinbase cryptocurrency deposits are insured by the Federal Deposit Insurance Corporation. However, any centralized management puts users ’assets at risk, experts recall.