Coinbase appear to be listing a lot of projects on their exchange lately, albeit all but the currently second ranked biggest cryptocurrency in the world, Ripple (XRP). Analyst and investor Joseph Young gave his opinion as to why with Binance CZ also commenting on the matter recently.
In a recent tweet, Young explained that Coinbase have had a flurry of new projects listed on their exchange, except for the every popular XRP. Which currently remains the second largest cryptocurrency by market cap behind Bitcoin. Young attributed the main reason for this to the federal court case against Ripple which would be a massive hindrance for the U.S based digital assets exchange to list a possible security token.
Coinbase has been listing everything in crypto apart from XRP. It says it may add every asset above a certain level like the stock market but still no XRP. Savage.— Joseph Young (@iamjosephyoung) December 12, 2018
On a serious note, it's likely the pending federal court case against Ripple is holding them back for now.
Ripple's legal team bumped it up to a federal case voluntarily, so i think they are very confident they're going to win it— Joseph Young (@iamjosephyoung) December 12, 2018
Binance CEO Changpeng 'CZ' Zhao also commented on the tweet by Young, saying that the court case could potentially take years. CZ also says "it would seriously hurt a lot of US users, and to a certain extent, other users around the world too." However the Binance CEO does not believe the project is a security. Young also mentions that $XRP voluntarily bumped it to a federal case, perhaps sighting their confidence in winning the court case.