Coinbase is facing additional attention after allegations resurfaced about how it listed XRP on its exchange. This issue goes back to statements linked to David Schwartz, who described a possible scenario in 2023 that reflects the tensions surrounding the listing process. According to the report, Coinbase refused to list XRP despite clear trading incentives.
Coinbase XRP Listing Dispute and Alleged Fee Structure
The case brought by Schwartz demonstrated the continuing conflict. He said Coibase chose not to list XRP even though it appeared beneficial. According to Share XRipple failed to pay the required listing fees, pushing the asset off the exchange for several months. During that period, both sides maintained their positions, none of which were listed.
Schwartz also noted that the exchange suggested that XRP would have been listed earlier if Ripple had not existed. This information gave an explanation for the delay and changed how the situation was viewed internally. However, over time, Ripple reached a financial agreement with Coinbase, allowing the listing process to move forward.
Once XRP is listed, it is said to account for about 20% of the exchange’s total revenue. This result highlighted the commercial demand for the asset. Schwartz stated that Ripple considered the payment necessary to avoid restricting market access. He also noted that elements of these arrangements later appeared in legal arguments, where they were used to show the impact on adoption or liquidity.
XRP price movement and market activity
While these allegations continue to spread,… Ripple price Show negative price movement. Over the past 24 hours, the asset has been trading at $1.32 at the time of writing, marking a 1,547% decline.
The market capitalization reached $80.52 billion, resulting in a decrease of 2.1%. Trading activity also decreased, as trading volume within 24 hours reached $974.76 million, a decrease of 13.37%.
Institutional location and policy context around Coinbase
Meanwhile, institutional activity around XRP continues to expand. Franklin Templeton, which manages about $1.6 trillion, has made its position on the asset clear. During the podcast, Roger Bayston discussed XRP and its role in financial infrastructure. He pointed out Launch of the Franklin XRP ETF and the integration of tokenized money market funds into the XRP Ledger.
Bayston stated that institutions acquire XRP based on usage rather than speculation. He explained that companies rely on assets to support operational needs associated with blockchain infrastructure. He also pointed to ongoing regulatory alignment between the SEC and CFTC as a factor that could influence further adoption.
These movements arise side by side Ongoing policy discussions involving Coinbase. The exchange has informed the Senate offices that it does not support the recent settlement of stablecoin returns related to the CLARITY Act. Lawmakers, including Thom Tillis and Angela Alsobrooks, have joined efforts to resolve differences between banking and cryptocurrency stakeholders.
However, the stablecoin reward rule remains unresolved. Previous expectations for a compromise have collapsed after opposition from Coinbase and other industry participants.
