• Coinbase and Ripple Chief Legal Officers (CLOs) recently held a meeting, sparking speculation that XRP will be relisted on Coinbase.
• Australian-based lawyer Bill Morgan responded to the tweet stating there won’t be a relisting due to Ripple’s decision not to use XRP in its own liquidity hub service.
• Morgan believes that the meeting was likely about how Ripple could help Coinbase in their SEC lawsuit.
The Meeting Between Coinbase and Ripple CLOs
A recent meeting between Coinbase and Ripple Chief Legal Officers (CLOs) sparked speculations of a possible XRP listing. While responding to the post, many crypto enthusiasts speculated that the meeting might place XRP on the Coinbase marketplace again. Others called on Coinbase to relist XRP to enable Ripple supports its fight with the US SEC. But amid the speculations and enthusiasm, an Australia-based attorney, Bill Morgan, responded to the tweet stating there won’t be a relisting.
Bill Morgan’s Response
Coinbase CLO Paul Grewal sparked speculations when he shared his picture with Ripple Stuart Alderoty on Twitter. In the tweet, Grewal thanked Alderoty for welcoming him, stating they should meet more often. Related Reading: Binance Crypto Accounts Linked To Islamic State Targeted By Israel – Report Stuart Alderoty also responded by thanking him for taking out time to chat with Ripple’s legal team. Notably, top shots in the industry, including CryptoLaw founder John Deaton and Australian-based lawyer Bill Morgan responded to the post. BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now! While Deaton applauded the teamwork, tipping his cap to them, Bill Morgan stated that Coinbase is not a friend to XRP holders.
Ripple’s Decision Not To Use XRP
Morgan mentioned that teamwork would ensure a successful win against a common foe. But he is skeptical that the exchange will relist XRP due to the meeting. No a Coinbase XRP listing will not follow. Why would Ripple expect Coinbase to relist XRP when in the last few weeks Ripple decided not to use XRP in Ripple’s own liquidity hub service? The incident informed Morgan’s reaction to the current speculation.
Ripple also launched a Liquidity Hub solution to support businesses with liquidity from many top exchanges, over-the-counter desks, and market makers.. But while listing supported digital assets ,Ripple added BCH ,BTC ,LTC ,ETH ,and ETC but left off XRP which caused some confusion among investors .
Morgan Believes That The Meeting Was About The SEC Lawsuit
Morgan believes that rather than discussing an eventual xrp listing on coinbase this meeting was more likely about how ripple could assist coinbase with their ongoing legal battle against sec . He does not think it is likely for coinbase xrp listing given this information .
This article examined recent speculation surrounding a potential xrp re listing on coinbase after two chiefs of legal officers from both companies had met . It was concluded by australian based lawyer bill morgan who suggested that this meeting was more likely about how ripple could assist coinbase in their fight against sec rather than discuss an eventual xrp listing .