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Ripple Appears to Violate Coinbase Crypto Listing Framework
Coinbase announced the listing of Ripple (XRP) on Coinbase Pro yesterday. The massive-supply token saw a significant price rise on the news. However, as first identified by Diar, Coinbase’s listing of the bank-friendly coin appears to violate its own Digital Asset Framework, which outlines requirements which cryptocurrency assets must meet prior to their listing on the US exchange. Coinbase’s GDAX Digital Asset Framework outlines the types of crypto tokens it will list. On page five of the document, it states: “The ownership stake retained by the team is a minority stake. There should be a lock-up period and ... (full story)
