The latest wave of rumours surrounding the possible addition of Ripple (XRP) to Coinbase led to a surge in the valuation the token, reaching a high of $1.08 on March 5, followed by a dip after the announcement via Twitter from Coinbase that they “have made no decision to add additional assets to either Gdax or Coinbase”.

Sparked by the announcement that Ripple CEO Brad Garlinghouse would join Coinbase President Asiff Hirji on an episode of CNBC’s Fast Money, many took this as a strong sign that Ripple would soon be added to Coinbase, the most prominent US cryptocurrency exchange. However, the tweet from Coinbase immediately quelled the hype, also citing a link used in response to previous rumours of the addition of new assets to their platform, stating that the determination of any new additions to Coinbase is made by their own team of experts in accordance with their Digital Asset Framework.

Looking to the recent troubles faced by Coinbase over their addition of Bitcoin Cash to their platform it is clear to see why they may take a cautious approach to any new listings.

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