Can it be? Say it aint so!
Lol. I mean bla bla bla, it could be fake news, but lets be serious for a second. First they list ETC that is a shitcoin and now you get XRP, kind of out of nowhere listed after Ripple had allegedly offered to lend $100 million in XRP to start letting its users trade the token on Coinbase. The firm had reportedly made a similar offer to Gemini – albeit amounting to $1 million.
Seems kind of hard to believe that Coinbase would list xrp for free after being offered $100 million. (If the rumors are true)
Its not unusual to see project leaders paying their way into attention by buying a exchange listing. But what that does is lead to folks not taking crypto seriously when the rich can bribe their way into anything.
Sure, you could say:
exactly like everywhere else.
The thing is that that isnt entirely true. There are laws that regulate those kinds of things in the markets outside crypto, while in crypto its happening literally everywhere. Crypto was supposed to lead us away from the corruption, favoritism, politics, put tech in the forefront, but in reality, white collar criminal activity is one the biggest aspects of crypto right now.
If getting listed was a equal playing ground for everyone when we are talking fees (Nasdaq for example) then i would have no problem. But the centralized exchanges are literally in some cases extorting money, overcharging, lying about volume, pumping certain coins and doing all kinds of other shady stuff.
And none of that has to do with Blockchain technology and everything to do with human nature.
Ill see you around and keep on hanging on! :D—–