Cryptocurrency Coinbase Prepares XRP Deletion

Since the US Securities and Exchange Commission filed a lawsuit against Ripple on charges of illegal sale of securities, manyask the question of what will happen next.

Despite the fact that Bitstamp, OSL and Beax have becomeOne of the first who responded and stopped XRP trades, not everyone is quick to follow their example. According to insider information, Coinbase is only ready to pause trading or perform XRP delisting.

«According to some sources, the team isin a waiting mode, since the issue remains open even after consultations with a lawyer,” the insider noted, adding that “the management sees greater regulatory risks in this situation, especially especially in connection with the upcoming IPO.

There is nothing surprising about this, considering thatCoinbase has already submitted a pre-registration for the initial public offering. In fact, an IPO is a matter of fact that the company goes public. Messari claims that Coinbase can be estimated at about $ 28 billion, so the reason is understandable.

In addition, in the event that an unpopular decision is made, the consequences for Coinbase will be very serious, since more than 8% of the volumes are used for XRP. In this way, not only the cost of XRP will fall.

To give an idea of ​​how the limits on XRP operations will affect the rate of cryptocurrencies, consider these data:

XRP trading volumes on Bitstamp are 18%;

Coinbase - 8%;

Kraken - 5.5%;

Binance - 4%.

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