EWN, a South African multi-platform news publisher, focusing on local and international breaking news stories, entertainment, sport, business, politics, and interactive media erstwhile said in its report that Coinbase, the U.S. based cryptocurrency Exchange supported XRP additional services besides offering custodian services. The exchange officially announced the extra activities in October 2018 instead of confining up to the conventional services.

Additionally, Coinbase Custody offers significant assurance to all those investors that have parked the substantial capital. The Additional Custody Services add flavor to its existing facilities, and it is more inclined to tap large players namely hedge funds, institutional investors having multi-billion assets in place instead of interacting individual users. Since the custody services contain certain activities namely – providing an easy to use, secure platform for storing and funding in crypto assets for new users by offering private keys and cold storage wallets. However, the additional layer over custodian services adds value to the exchange by providing insurance coverage to investors that covers their stored assets and extends to XRP even if the coin not listed directly on the exchange.

Let us not forget that the major transition that we have already observed in case of XRP and Ethereum game in which XRP has already surpassed Ethereum by attaining the second position in terms of market capitalization. Though the decline in value which has previously been observed in its price which was an all-time high of $3.80 earlier (at the beginning of this year), it’s listing on Coinbase enticed investors to instill more capital in it. Besides this, the parent company, Ripple has incentivized the entire scenario by heading regular headlines towards the progress in 2018. Needless to say that the adoption of blockchain and performance of the coin will experience more grown in the days to come.

The Coinbase Custody program has streamlined relationships between the two – Coinbase and XRP. Amid this, in July Coinbase officially announced to add five new currencies to the exchange, that also included the major competitor of XRP – Steller XLM which is a front-runner to get listed. However, the XLM is believed to get associated with the exchange in the days to come. Needless to say that since XRP has surpassed ETHER by attaining the second position, the numerous investors are expecting the U.S based exchange to offer the more substantial gain as the exchange has 13 million strong customer base as of now.

Amid the entire scenario, it is unbelievable to build any relation between Coinbase and XRP towards the exchange listing along with the Custodian update. However, the recent event that happened to XRP’s second position by market cap has generated the positive sentiments amongst the investors’ community however amid the current volatile scenario.

The XRP is ranked second by the market cap which stands at $19,821,901,054 with the traded value stands at $0.491525 by CoinMarketCap on 20th November 2018, 9:48 am IST.

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