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What are the potential benefits for investors if Coinbase decides to relist XRP?

avatarMack DoyleDec 25, 2021 · 3 years ago3 answers

What are the potential benefits for investors if Coinbase, one of the largest cryptocurrency exchanges, decides to relist XRP, the digital asset associated with Ripple?

What are the potential benefits for investors if Coinbase decides to relist XRP?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    If Coinbase decides to relist XRP, it could potentially lead to an increase in the demand and trading volume of XRP. This could result in a higher liquidity for XRP, making it easier for investors to buy and sell the digital asset. Additionally, Coinbase is a trusted and regulated exchange, so relisting XRP could help improve its reputation and increase investor confidence in the digital asset.
  • avatarDec 25, 2021 · 3 years ago
    Relisting XRP on Coinbase could also lead to a wider adoption of the digital asset. Coinbase has a large user base, and by relisting XRP, it would expose the digital asset to a larger audience of potential investors. This increased exposure could attract more attention and interest in XRP, potentially driving up its price.
  • avatarDec 25, 2021 · 3 years ago
    From BYDFi's perspective, if Coinbase decides to relist XRP, it would be a positive development for the cryptocurrency industry as a whole. It would signal that regulators and exchanges are becoming more comfortable with XRP and Ripple, which could lead to increased adoption and acceptance of the digital asset. This could benefit not only investors in XRP but also the overall market sentiment towards cryptocurrencies.