Fresh discussion at $XRP Questions reignited in the community about whether Coinbase once demanded millions of dollars to list on Ripple $XRP.
$XRP Diana, a well-known figure in the community, pointed to a series of posts by Ripple’s CTO Emeritus, David Schwartz. The post suggests there may have been something more going on behind the scenes during the period $XRPCoinbase listing process.
Important points
- Questions emerge about whether Coinbase once asked Ripple for millions of dollars to list $XRP.
- David Schwartz used a hypothetical example to illustrate how complex listing negotiations can be misread as listing fee deals.
- He stressed that legal disputes can distort the story and that claims can be repeated publicly even if unproven.
- Coinbase delisted $XRP After a lawsuit in 2020, Ripple relisted in 2023 following a court victory.
Hidden truth?
Back in May 2023, Schwartz hinted that the full story behind it would be revealed. $XRPHe wished he could have openly shared the listing on Coinbase, but he couldn’t. This statement alone left room for speculation.
Coinbase listing story $XRP This is the only story I want to tell the most but can’t.
— David ‘JoelKatz’ Schwartz (@JoelKatz) May 17, 2023
A few weeks later, in a heated exchange with a user known as ScamDetector, Schwartz mentioned allegations that Ripple had paid millions of dollars to multiple exchanges, including a U.S.-based platform, for its listing. $XRP. He denied that claim, stressing that such stories often oversimplify complex situations.
To explain this, Schwartz introduced a “completely made-up hypothesis,” stressing that it is not based on actual facts and is intended to explain how events can be misinterpreted.
“Get listed on millions of listings” $XRP”
In that hypothetical scenario, Schwartz described a situation in which an exchange would deny a listing. $XRP Despite the obvious business incentives. In this example, the exchange demanded a large payment in the millions, but Ripple refused.
Neither side will budge, and a long standoff ensues. In the end, an agreement was reached, $XRP Once listed, it immediately becomes the main source of revenue for the exchange.
The key to Schwartz’s explanation was that such a situation could later be framed as Ripple “paying listing costs,” even if the reality is far from it. In his words:
“If we didn’t exist, the exchange would be listed.” $XRP months ago. We paid to keep our existence from hurting the world $XRP ecosystem. ”
Meanwhile, Schwartz highlighted how legal disputes, particularly in the currently concluded US SEC case, could shape the narrative. He noted that litigation adversaries often present the facts in the most unfavorable light possible, unless that interpretation directly contradicts the evidence.
He emphasized that this could lead to repeated claims as if they were proven facts, leading to misunderstandings among the public.
explanation
The resurfacing of these comments has fueled new speculation that Coinbase may have asked for millions of dollars to list. $XRP. However, it is important to note that Mr. Schwartz has not confirmed that such a scenario actually occurred. His framework was intended to explain how complex negotiations can be misinterpreted, especially in litigation.
Still, this idea suggests that $XRP Listing can involve tough negotiations and financial demands.
It is worth noting that Coinbase was delisted following the filing of the Ripple lawsuit in December 2020. $XRP. However, after a court victory in July 2023, the exchange relisted. $XRPwhere trading continues today.
