Popular Post RambeauTeasebox 129 Posted March 1, 2019 Popular Post Share Posted March 1, 2019 (edited) 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 Edited March 1, 2019 by godzillo VanGogh, jorgerios, kudlajz and 19 others 14 8 Link to post Share on other sites
Guest Posted March 1, 2019 Share Posted March 1, 2019 Excellent points. Link to post Share on other sites
Guest Posted March 1, 2019 Share Posted March 1, 2019 It seems to have changed (at least in a small way so far) the way that these money flows look.... now there is a significant stream of USD across directly into XRP. That was previously nearly too thin to see.... https://coinlib.io/global-crypto-charts Link to post Share on other sites
RambeauTeasebox 129 Posted March 1, 2019 Author Share Posted March 1, 2019 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! Truckdriver, Cesar1810, retryW and 5 others 8 Link to post Share on other sites
lucky 6,311 Posted March 1, 2019 Share Posted March 1, 2019 5 hours ago, MeGodzillo said: 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. Maybe that explains the deleted cry-lol tweet from Brian Armstrong: cry-lolling all the way to the bank! RambeauTeasebox, Truckdriver and GiddyUp 3 Link to post Share on other sites
Julian_Williams 12,929 Posted March 1, 2019 Share Posted March 1, 2019 (edited) 2 hours ago, lucky said: Maybe that explains the deleted cry-lol tweet from Brian Armstrong: cry-lolling all the way to the bank! XRP has entered the jaws of the Bitcoin max cult, filed down their teeth and tamed their lions, next we will have them jumping through hoop ; a smart move to Coinbase and a disaster for Bitcoin Max. Edited March 1, 2019 by Julian_Williams Cesar1810, Truckdriver and VanHasen 3 Link to post Share on other sites
RegalChicken 33,410 Posted March 1, 2019 Share Posted March 1, 2019 2 hours ago, MeGodzillo said: 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! This type of stuff needs to go viral. FastMoney should be posting this. Truckdriver and Cesar1810 2 Link to post Share on other sites
RambeauTeasebox 129 Posted March 1, 2019 Author Share Posted March 1, 2019 And it keeps going up... XRP pairs are right now making up over 17% of Coinbase's volume. Cesar1810, MatinMontreal, RegalChicken and 5 others 8 Link to post Share on other sites
Guest Posted March 1, 2019 Share Posted March 1, 2019 (edited) Some do not view the Coinbase listing as a significant development, but Coinbase is arguably the most trusted exchange in the United States and perhaps even the world. Also, their UI is better than Binance, Bitstamp, Kraken, and Polinex. Coinbase accepts a wide variety of payment methods including debit card (from both the EU and US), ACH, PayPal, and wire. Lastly, according to the Blockchain Transparency Institute, Coinbase is the fifth largest exchange in the world as many exchanges engage in wash trading. https://www.blockchaintransparency.org/december-2018-rankings Edit: The liquidity available on Coinbase is pretty remarkable. For users who are Level 2 verified, you can buy/sell up to $25,000 per day using ACH or PayPal. However, it is possible to buy/sell up to $250,000 per day via wire transfer. Both amounts, in my opinion, are crazy but obviously they must have customers with that type of money. Level 3 verification allows you to send and receive cryptocurrencies. Edited March 1, 2019 by Guest Link to post Share on other sites
Riseup 120 Posted March 1, 2019 Share Posted March 1, 2019 can someone please explain me why i dont see coinbase on coinmarketcap ? I see only coinbase pro not sure if i am missing something or am i to tired Link to post Share on other sites
Bearmark 30,099 Posted March 1, 2019 Share Posted March 1, 2019 22 minutes ago, Riseup said: can someone please explain me why i dont see coinbase on coinmarketcap ? I see only coinbase pro not sure if i am missing something or am i to tired The 'normal' Coinbase is not an exchange, it's basically a crypto retailer. Coinbase Pro, formerly GDAX, is an exchange. Riseup 1 Link to post Share on other sites
Riseup 120 Posted March 1, 2019 Share Posted March 1, 2019 1 hour ago, Benchmark said: The 'normal' Coinbase is not an exchange, it's basically a crypto retailer. Coinbase Pro, formerly GDAX, is an exchange. ah, yes, of course Link to post Share on other sites
cmbartley 4,259 Posted March 2, 2019 Share Posted March 2, 2019 The impact has been on the exchange volume. XRP exchange volume went from $500M to $750M... GiddyUp, xrphilosophy and Nihilist 3 Link to post Share on other sites
yugioh 63 Posted March 2, 2019 Share Posted March 2, 2019 14 hours ago, Benchmark said: The 'normal' Coinbase is not an exchange, it's basically a crypto retailer. Coinbase Pro, formerly GDAX, is an exchange. Of course it’s not true. Normal Coinbase is an exchange which executes all orders with “market order”. The reason that you don’t see it in the coinmarketcap is, they don’t share “normal” coinbase’s volume and order book information. xrphilosophy 1 Link to post Share on other sites
Campo 118 Posted March 2, 2019 Share Posted March 2, 2019 I've just verified my cb account. Thats uphold, gatehub, cb, revolut and wirex. If there's ever another fomo bull run it's going to be much much easier for new money to pour in. I first bought (fomo) at the top in January 2018 and it took me weeks to get verified and I ended up buying above market price via cryptomate.co.uk xrphilosophy, Riseup and Roaring_Twenties 2 1 Link to post Share on other sites
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