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Ripple Has Tried to Buy its Way Onto Major Crypto Exchanges

  • Darryn Pollock
    📰 News

    Although ranked number three in terms of market cap, Ripple is not easily bought, but it has tried to throw money at that problem.


Ripple Has Tried to Buy its Way Onto Major Crypto Exchanges
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Ripple, the number three coin when it comes to market capitalization, is slowly forging its way in its chosen niche, as a cryptocurrency for interbank transfers, but it sorely lacks in other aspects.

Ripple has not made it onto some of the bigger cryptocurrency exchanges, especially in the US, and it has emerged, according to Bloomberg, that they have tried to remedy that with money.

According to unnamed sources by Bloomberg, Ripple has tried to pay Gemini and Coinbase in order to get their coin, the XRP, listed.


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Not welcomed

Ripple has faced problems with acceptance before as many believe that it is not a true cryptocurrency due to its centralized nature. This has clearly influenced its growth in terms of organic spread across exchanges and other mediums of exchange.

There were rumors at the beginning of March that Coinbase would be adding the banking coin to its stable; however, these rumors are quickly debunked by Coinbase.

It now has emerged that Ripple, despite its banking partnerships, is still keen on getting more mainstream adoption, despite admitting on its website that it is not a coin to be invested on in a speculative manner.

Problems with securities

This alleged move by Ripple to try and get listed indicates that it does indeed have in its plans a growth of speculative investment, but it has hit a snag.

Ripple has now signaled that its future success hinges in part on getting XRP listed on the top trading venues. But there’s a major headwind in that effort: US officials have warned unlicensed exchanges not to list tokens that could be deemed securities. XRP’s control by a single company has fueled speculation it could fall under that designation.

Ripple Has Tried to Buy its Way Onto Major Crypto Exchanges

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Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak

  • Alex Morris
    📰 News

    Binance Coin is so far the second cryptocurrency (after EOS) that managed to rebound after January 2018's drawdown


Crypto Wonders: Binance Coin (BNB) Hits Its New ATH, Surpassing Its January 2018's Peak
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After surging by more than 14 percent over the last 24 hours, Binance Coin has managed to surpass its previous ATH that was recorded during the peak of the bull market in January 2018, according to the data provided by CoinMarketCap (CMC). The historic rally was triggered by numerous recent developments inside the exchange’s ecosystem.  

Binance Coin, CoinMarketCap
Binance Coin continues to register double-digit gains, image by CoinMarketCap

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BNB makes history

At the time of writing this article, the price of the BNB token is at $24.65, rising above its previous ATH of $24.46 that was recorded on Jan. 12. Hence, Binance Coin, the seventh largest cryptocurrency by market capitalization, becomes only the second asset to reach a new price peak after the crash of the speculation-driven bull market. EOS, which is sitting one spot above BNB on CMC, achieved a similar feat in May 2018.

‘Binance Coin is outpacing the overall crypto market. While Bitcoin is off 75% from its all-time-high, Binance Coin has recovered. There is fundamental growth and synergy taking place that is contributing to the rising price of Binance Coin,’ says BitBull Capital CEO Joe DiPasquale.

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Pumping other coins

On Apr. 18, Binance launched the mainnet of its custom Blockchain Binance Chain. The migration of BNB tokens from Ethereum to Binance Chain is scheduled to take place on Apr. 23. This is going to be the second largest token swap in history.

Binance, which is now completed with Ethereum, has already on-boarded some Blockchain projects, including Mithril (MITH) that experienced a 70 percent price pump after its launch on Binance Chain.

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