People in the XRP community are pointing to past tweets from Ripple’s former Chief Technology Officer, David Schwartz, that imply Coinbase intentionally delayed listing XRP. Schwartz also hinted that Coinbase may have requested payment from Ripple as a condition for listing the cryptocurrency.
Ripple’s CTO Emeritus X Posts Reveal Coinbase XRP Listing Saga
A crypto analyst, Digital Asset Investor, recently highlighted old posts from a Ripple executive on X (formerly Twitter). These posts discussed the story of XRP being listed on Coinbase and a possible situation where Ripple might have been asked to pay a fee for that listing. In a post from May 2023, the Ripple executive stated, “The story of Coinbase listing XRP is the one I most want to share, but can’t.”
Ripple’s former Chief Technology Officer responded to a question on X (formerly Twitter) about how much Ripple might have paid Coinbase to list XRP. This sparked discussion about whether Coinbase originally hesitated to offer XRP. In June 2023, the CTO also shared a post on X describing a possible situation where an exchange wouldn’t list XRP even if it would benefit them.
The exchange initially required Ripple to pay a substantial fee before it would list XRP, and indicated that XRP would have been listed much earlier if Ripple hadn’t been involved. Ripple’s former Chief Technology Officer stated they eventually reached an agreement with the exchange, which then proceeded to list XRP. Following the listing, XRP quickly became a significant source of revenue for the exchange, accounting for 20% of its total income.
Because of a post Schwartz made in May 2023 mentioning Coinbase, many in the XRP community believe he was talking about Coinbase when he described a possible situation.
The Impact Of The SEC Lawsuit
Coinbase initially offered XRP for trading before the Securities and Exchange Commission (SEC) filed a lawsuit against Ripple in December 2020. However, Coinbase removed XRP from its platform in 2021 because the SEC argued it should be classified as a security. After a judge ruled in July 2023 that XRP was *not* a security, Coinbase re-added it for trading.
Schwartz described a situation in the lawsuit where the opposing side suggested Ripple paid exchanges to list XRP in order to artificially increase its popularity or trading volume. However, Schwartz explained that the payments were actually made to prevent those exchanges from potentially harming the XRP ecosystem. The five-year legal battle did cause the price of XRP to fall.
As of today, XRP is trading at approximately $1.32, which is a little over 2% lower than it was 24 hours ago, based on CoinMarketCap data.
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2026-03-31 21:28