Tag: Coinbase

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Crypto

Ripple (XRP) Aims A Re-branding That Could Help XRP Boost By 200%

We were able to watch a Ripple (XRP) community event which culminated with a Snoop Dogg concert. But, that wasn’t the most significant aspect of the event. More interesting was the rebranding of Ripple and, as everybody knows, a change in a brand doesn’t occur without a good reason behind it. In Ripple (XRP) case, might be the desire to get on Coinbase cryptocurrency exchange. However, Ripple wants to rebrand itself, a fact which could boost XRP by 200%.

Ripple (XRP) & Coinbase

As we speak, the authorities are struggling to claim XRP as a security and some investors support the officials in this action.

Thus, Ripple team knows that the XRP will only be able to boost its value against the USD if it will get listed on big cryptocurrency exchange platforms. And, as it has been revealed in the latest news, Ripple is actually going after Coinbase.

But Coinbase cryptocurrency exchange and other major ones will not be interested in Ripple (XRP) as long as XRP has no legal status and is surrounded by turmoil.

This is why Ripple team re-thought its business and started to rebrand itself in order to increase the interest of big cryptocurrency exchange platforms in Ripple (XRP).

Ripple rebrand can help XRP boost by 200%

As reported on Bitcoin.com, Ripple wants to dissociate itself from its homonymous cryptocurrency in order to “de-securitize” the Ripple (XRP) crypto token.

The odds that XRP to be claimed as a security, in the conditions that Ripple holds the largest amounts of its crypto, are really big, thus, such a classification would have a substantial impact on the XRP price and its performance on the US stock exchanges. In this regard, Ripple would like to separate from XRP but could bump into more trouble in convincing people about the reliability of such a measure.

But, as XRP would become an asset on its own, a listing on one of the major cryptocurrency exchanges such as Coinbase, as well as on the US stock exchange, would bring more transactions, market cap, and value against the USD for the XRP. Thus, Ripple rebrand can help XRP boost by 200% only in the before-mentioned conditions.

Categories
Crypto

0x (ZRX) Keeps On Gaining – We Might See 0x (ZRX) On Coinbase’s Paradex Crypto Trading Platform

0x (ZRX) is one of the few cryptocurrencies that showed double-digit earnings during the last week. Even now, ZRX is not doing badly as it is still gaining, trading at $1.27, at the moment of this writing, increasing by about 3.5% in the last 24 hours. All the gains 0x (ZRX) recorded are due to the rumors about ZRX addition on either Coinbase or the Paradex crypto trading platform (which, since recently, is a Coinbase subsidiary).

As I’ve said, 0x (ZRX) is traded at $1.27 but, even though it is still gaining, ZRX “lived” its best day past Thursday when it traded upward and recorded a 12.5% increase breaking over the $1.30 level.

What is 0x (ZRX)?

0x (ZRX) is an open source platform designed to deliver decentralized exchange capabilities to ERC20 tokens around the world. The protocol is built on Ethereum (ETH) smart contracts and permits the functioning of decentralized crypto trading platforms.

The ERC20 crypto tokens developed on ETH network keep on expanding and increasing worldwide. The 0x team has proposed to build a platform to facilitate the trading of the ERC20 crypto tokens.

0x platform is neither a centralized nor a decentralized trading environment, however, it employs the best characteristics.

0x (ZRX) to be listed on Coinbase’s Paradex crypto trading platform

CNBC announced on May 23rd the acquisition of Paradex by Coinbase cryptocurrency exchange. Paradex is a trading system which has been specifically engineered to support the direct trading of digital assets.

Coinbase, on its part, stated that they will enhance the technology behind Paradex prior to its formal introduction. Paradex, eventually, will be made commercially available for several hundreds of cryptocurrencies but only for clients located outside the US.

Paradex offered 0x (ZRX) trading before being bought by Coinbase and it is quite possible to be also among the traded ERC20 crypto tokens on the updated crypto trading platform.

Also, if that’s the case, it is also very probable to see 0x (ZRX) on Coinbase, the most popular US-based cryptocurrency exchange.

Categories
Crypto

0x (ZRX) Might Eventually Get On Coinbase Cryptocurrency Exchange

0x (ZRX) is doing very well in the cryptocurrencies market, lately, where all the major crypto coins traded downward until recently today. Refusing to go with the stream, 0x (ZRX) has traded upward and is still pushing up. Even more, ZRX is on the verge to be listed on Coinbase cryptocurrency exchange.

What makes 0x (ZRX) get higher?

In April-May period, this cryptocurrency was among the best-performing digital assets in the world, ahead of the current downturn of the cryptocurrencies market, which slightly reduced today and cryptos trade “green” again.

The more ZRX gained, the more crypto enthusiasts started to wonder why is this crypto gaining so much lately.

At first, they thought it was thanks to the potential 0x (ZRX) listing on Coinbase, the biggest US-based cryptocurrency exchange. However, Coinbase didn’t add ZRX yet. Recently, however, the team behind 0x crypto made significant changes to one of the 0x platforms reigniting the beliefs that 0x (ZRX) is meant to be listed on Coinbase, definitely.

“Proud to build a more equitable future with our colleagues around the world,” stated the 0x team.

So, what makes ZRX grow is the fact that Coinbase acquired Paradex which is built on the 0x network. Furthermore, this Coinbase action triggered a very positive feedback within the 0x community which also helped ZRX increase.

0x (ZRX) Price

At the moment of this article, ZRX trades at $1.27 gaining about 3.44% in the last 24 hours.

On the other hand, 0x (ZRX) is on the 29th position within the cryptocurrencies market with a market cap of about $675 million.

ZRX might eventually get on Coinbase by the end of 2018

Ultimately, all the rumors talking about 0x (ZRX) listing on Coinbase might turn out to be true by the end of the year as this is a great moment for 0x as a whole, not only for its crypto.

Even more, 0x team enjoys the presence of three ex-employees of Coinbase who are working on implementing ZRX on the Coinbase cryptocurrency exchange platforms against the BTC, BCH, LTC, and ETH.

Categories
Crypto Markets

Coinbase Cryptocurrency Exchange Acquires Paradex Cryptocurrencies Trading Platform

Coinbase, the renowned cryptocurrency exchange platform, has made another move to hold a larger share of the growing cryptocurrencies market. Accordingly, Coinbase acquires Paradex cryptocurrency trading platform.

Thus, it is righteous to think that the leading cryptocurrency exchange platform in the United States has acquired the Paradex cryptocurrency trading platform to gain a wider market share in cryptocurrency trading and spread its dominance in the cryptocurrencies market.

The amount paid by Coinbase for the acquisition of Paradex remains unknown, at this moment.

Coinbase acquired Paradex and will soon support a larger number of cryptocurrencies

Paradex permits its customers to trade currencies directly between themselves through the use of digital wallets, rather than via a centralized cryptocurrency exchange platform such as Coinbase, that keeps tokens in safekeeping on behalf of its clients..

At this moment, Coinbase is only offering operations in the four largest cryptocurrencies, namely Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

Additionally to these, Coinbase will take advantage of the Paradex platform which makes it easy to trade in hundreds of cryptocurrencies.

As a result of the acquisition, the number and types of cryptocurrencies that clients can exchange and trade with the Coinbase cryptocurrency exchange platform will expand substantially.

The purchase of Paradex is meant to help Coinbase attract more institutional investors

As we speak, Coinbase is the most popular and appreciated cryptocurrency exchange platform in the United States, as well as in other places in the world. However, Coinbase’s team wants more from the platform as to attract more institutional investors.

The acquisition of Paradex cryptocurrency trading platform might be a step forward in this direction as the Paradex platform is offering the possibility of trading in about a hundred cryptocurrencies and will now become, thanks to Coinbase, active on the US market which would’ve been an impossible task, otherwise, due to SEC regulations.

Categories
Crypto

Coinbase Prime Launched To Bring Institutional Investors Into The Cryptocurrencies Market

Just recently, Coinbase announced the launch of some of its new services, namely, Conibase Custody and Coinbase Prime, the latter being a new platform specially created to offer a great series of instruments destinated for institutional investors who want to join cryptocurrency trading. After the news has been released, many speculations emerged, some crypto enthusiasts voicing that this action will push the market faster toward a market cap of $1 trillion.

Trying to become the ultimate champion of the cryptocurrencies market, Coinbase considered attracting the attention of institutional investors which could bring big money to the market booting the cryptocurrency market capitalization.

In its most recent statement, the San Francisco-based cryptocurrency exchange operator released its Coinbase Prime which is, as they describe it, “a new platform specifically designed to provide a set of tools and services that institutional investors rely on when trading with cryptocurrency.”

Coinbase Prime aims to attract institutional investors into the cryptocurrencies market

The goal of the program is to overcome the shortcomings in infrastructure that the institutions demand by providing “loan and margin financing products to qualified clients.”

“We are delighted to help institutions around the world participate in this emerging asset class,” stated the Coinbase team.

The main reason why institutional investors avoid trading on the cryptocurrencies market is the lack of some clear crypto regulations and the needed instrument for a secure and reliable trading.

The Coinbase platform will supply a decentralized liquidity reservoir for all Coinbase instruments. Over the year, it will “introduce new features such as low latency performance, local data center colocation services, institutional connectivity and access, and clearing and settlement services”.

Furthermore, financial institutions lack the right resources and instruments to be able to operate in the cryptocurrencies market. By supplying all the utilities and facilities to these institutional investors, Coinbase Prime will allow these investors to embark on an easy journey into the cryptocurrency universe.

The final outcome for the cryptocurrencies market, according to some crypto enthusiasts, will be the $1 trillion crypto market cap milestone.

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