Ripple Down!

Ripple has taken a hit by a move to end rumors that Bitcoin’s centralized competitor might be introduced to the leading trading platforms in the US. No decision to add new assets to either GDAX or Coinbase has been made, the exchange said in a blog post dismissing any statements to the contrary. Ripple lost some $30 billion of market capitalization on the day of the announcement.

Yesterday Coinbase made it clear that it had no immediate plans to start trading Ripple, although XRP was not explicitly mentioned in its blog post:

Ripple prices have soared in the past month, beating Ethereum in the cryptocurrency competition with bitcoin.

Cole Diamond, CEO of Coinsquare, told Business News Network Ripple is the first cryptocurrency they are going to add to their blockchain platform after bitcoin.

A lot of people are beginning to realise how big of an opportunity there is between business and the blockchain, and that's making Ripple the early winner here