You Won’t Believe What Coinbase Demanded to List XRP-Shocking Revelations Inside!

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  • David Schwartz, the illustrious maestro of Ripple, insinuated that Coinbase had the audacity to demand millions before they would even consider listing XRP.
  • Schwartz further elucidated that, post-listing, XRP gallantly contributed about 20% to Coinbase’s revenue-a delightful twist, wouldn’t you say?
  • XRP long liquidations soared to a staggering $1.49M within a mere 24 hours, while Binance long/short accounts pranced around at an alluring 2.655.

In the grand theater of cryptocurrency, Ripple’s very own CTO, David Schwartz, affectionately dubbed JoelKatz, has painted a rather scandalous picture: Coinbase, it seems, was not merely playing hard to get but was, in fact, demanding millions prior to their reluctant embrace of XRP.

This revelation has rekindled interest in the early negotiations between the two entities, placing the spotlight squarely on the trading data of XRP as traders remain steadfastly entrenched on the long side-perhaps hoping for miracles akin to turning water into wine.

Ripple CTO Unpacks the Dramatic Prelude to the XRP Listing

According to our protagonist Schwartz, Coinbase initially played the role of the coy suitor, refusing to list XRP despite its evident ability to invigorate exchange activity. The two parties, as it turns out, were embroiled in a rather theatrical disagreement over terms-specifically, a not-so-small payment request.

In a moment of candor, Schwartz declared, “They ask Ripple for millions of dollars to list, and we refuse.” This statement has now morphed into the centerpiece of this operatic dispute, casting the delay in a light more reminiscent of corporate drama than technical shortcomings.

BREAKING: Ripple’s JoelKatz REVEALED Coinbase DEMANDED MILLIONS To List XRP

Back in 2023, CTO described what REALLY happened behind the scenes with XRP listing. Exchange REFUSED to list even though it was OBVIOUSLY in their…

– Diana (@InvestWithD)

Yet, let us not forget that this claim is merely an allegation from Ripple’s camp; no contractual evidence has been tendered for our scrutiny. Hence, we must approach this narrative as Schwartz’s artistic rendition of events.

Schwartz Declares XRP a Bountiful Revenue Harvest

In a subsequent flourish, Schwartz revealed that Ripple eventually reached an accord with Coinbase, leading to XRP’s triumphant entry onto the exchange stage. He asserted that this digital asset swiftly blossomed into a significant fountain of trading revenue.

According to Schwartz, our dear XRP came to represent approximately 20% of Coinbase’s revenue-a figure that remains unverified by any independent auditors but nonetheless draws eager attention for its implications regarding commercial gain.

This assertion only serves to thicken the plot surrounding the earlier delay, suggesting that Coinbase, all along, was rather aware of XRP’s potential to incite user fervor. Alas, the specifics of any subsequent agreement continue to elude us, like a mirage shimmering in the desert of ambiguity.

XRP Sentiment: A Longing for Long Positions

Current derivatives data unfurls like a banner of optimism, revealing that XRP traders remain decidedly inclined towards long positions. Binance’s XRP/USDT long-short accounts stand at 2.655, while OKX XRP accounts flaunt a long-short ratio of 2.15.

Meanwhile, Binance’s top traders exhibit a long-short account ratio of 2.8241; however, the position sizes appear to be more balanced. This intriguing gap suggests a cautious bullish stance-traders may dream of upward trajectories, yet they exercise a prudent restraint in size.

The Liquidation Saga: A Dismal Tale of Bullish Traders

Recent liquidation data presents a rather sobering tableau: long traders have borne the brunt of losses. Over a span of four hours, total XRP liquidations reached a heart-wrenching $316.75K, with a staggering $308.28K coming from longs.

This trend continues to unfold in the 12-hour and 24-hour snapshots. In 12 hours, liquidations soared to $792.89K, with $701.40K attributed to longs. And in a dramatic finale, over 24 hours, liquidations climbed to $1.60M, including an astonishing $1.49M from longs.

Interestingly, the one-hour data tells a tale of a different hue, with total liquidations amounting to a mere $2.10K-all from shorts. Perhaps this signals a brief intermission following a wider long squeeze, with XRP sentiment still clinging to its bullish hopes.

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2026-03-30 08:59