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MeGodzillo

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  1. A sensible way for Coinbase to deal with the destination tag would be to assign a user the same destionation tag every time unless they request a new one. I think Kraken does something like this.
  2. The more, the better. Great to see more XRP/fiat trading. I find the Huobi branding/exchange naming confusing... If anyone else is confused, here's what I've discovered: Huobi Global: is the parent exchange has crypto/crypto markets has XRP/BTC, XRP/USDT and XRP/HT ("Huobi Token") pairs Huobi OTC: has crypto/fiat markets about to allow many XRP/fiat pairs for OTC trading Huobi: is a US exchange, formerly HBUS, now owned by the Huobi Global parent company has mostly crypto/crypto markets has a few crypto/USD markets does not list any XRP pairs
  3. I think there are a few important things you're hitting on here, @Dutchpinoy: First, easy market points-of-entry and user experiences are very, very important. Despite the hate it gets around XRP country, Coinbase is very trusted and has a great interface. I'd argue that Coinbase Pro is the most important exchange in the Americas and Europe, even though it does not generate the highest volume, because the Coinbase app is so easy and highly trusted. Second, as @Dario_o points out, pairings have grown massively in a pretty short time. Now, a lot of those exchanges do pretty low volume, have low trust and/or have poor user experiences. They're still important -- More is definitely better here. But it's not just about (and I'd argue, mostly not about) the technical attributes that make XRP a good candidate. For pairings with other cryptocurrencies to be important and grow, people need to have XRP as a primary holding to begin with. A place like Coinbase, essentially taking on the legal burden of accepting fiat currencies in exchange for XRP, makes it easy. Again, the easy on-ramp is extremely important. But as that gets easier and easier, XRP pairings make much more sense for more exchanges. Market entry and base pairings make for a virtuous cycle, as you point out above. (This virtuous cycle is one of the major reasons that Bitcoin has kept its prominence and high valuation for so long.) Third, volume is king. Volume is what will aid xRapid/XRP payment flows and will push long-term higher valuations, not vice-versa. Coinbase XRP pairs can only help grow volume.
  4. And it keeps going up... XRP pairs are right now making up over 17% of Coinbase's volume.
  5. And just a few hours later, XRP pairs are making up over 13% of Coinbase's volume. Based on the amount of revenue they're taking in from XRP trading, they really shouldn't have waited so long!
  6. Sure, maybe Coinbase doesn't matter that much anymore... But in a few short days, the new XRP/USD pair is doing really well and has already overtaken most other XRP/USD pairs -- including Kraken, Bitfinex and Bitstamp (though behind RightBTC). It's also the top fiat (non-stablecoin) pairing from any exchange in the Americas or Europe. In five short days, the XRP pairs with USD, EUR and BTC are making up over 10% of Coinbase's volume! Adding XRP pairs (finally!) proved to be a very smart move for Coinbase. With taker fees between 10 and 30 basis points on Coinbase Pro and several times that on Coinbase, a daily volume of $10M means XRP trading has already easily made Coinbase six figures of revenue. Source: coinmarketcap.com
  7. 1. Lack of interest/liquidity? or 2. Years of self-dealing finally catching up to Stellar (i.e., Jed)? Likely both.
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