Basic Attention Token (BAT) is one of the best performers today. It is up by over 10% and it’s showing signs of even more gains. This follows the announcement by Coinbase that BAT was launching on Coinbase pro. This pump goes to show that Coinbase is still a force in crypto and that any coin it lists is bound to make huge gains in the short-term, and possibly stand a better chance at bullish momentum in the long-run.
This explains why XRP (XRP) investors are still hopeful of a Coinbase listing. Coinbase listing XRP would definitely have a huge impact on the trajectory of this crypto. The anticipation alone would create FOMO that could lead to a massive run up in the price of XRP. But what are the chances of Coinbase listing XRP (XRP)?
Coinbase has in the recent past been making moves that could see it list XRP (XRP) in the future. One of them is the loosening of their criteria for listing new coins and tokens. This means that over time, Coinbase will have lots of coins trading on it, just like most other exchanges out there. As their list of crypto offerings increases, there will be no compelling reason why they would want to skip on XRP.
On top of that, Coinbase recently got approval to offer custodial services for XRP and a host of other digital currencies. This is an indicator that they are prepping for the institutional market. If these clients demand more for XRP (XRP), there is no reason why Coinbase would not list it.
Coinbase is a for-profit business and if its clientele, especially the institutional segment of the market, demands it, there is no reason why they would skip on the opportunity to make money off it. Even the retail segment of the market has been pushing for this listing. At some point, Coinbase will cave in to the demand and list it. It’s a rational business and all rational businesses are driven by market demand in creating their product offerings.
However, even if Coinbase were to delay listing XRP (XRP), the prospects of this coin are getting better by the day. Ripple has made tremendous progress in terms of adoption. This year, the number of financial institutions using ripple products, be it XCurrent or XRapid has increased significantly. This goes to show that demand for ripple and its product offering is quite high. As the adoption of XRapid increases, the institutional demand for XRP will rise as well.
This will play a role in the rise of XRP in the future, with or without a Coinbase listing. The cross-border payments market is worth over a trillion dollars, and if ripple dominates it, the increased demand would see XRP rise to double or even triple digits. The future of XRP looks good, with or without a Coinbase listing. But this listing would be a welcome boost to its price in the future. It could be a catalyst that spurs demand and opens up XRP to a wider investing community.