Coinbase has added Ripple's stablecoin to its exchange, as part of Ripple's agreement with Robinhood to broaden its RLUSD digital dollar. RLUSD has seen a significant increase, rising by 88% this year, while XRP has dropped by 29%. Coinbase stock has fallen sharply, dropping by 11% following the $6.3 billion Binance hack, alongside declines in Strategy, Robinhood, and Circle. Crypto investors are advised to exercise caution.
“Coinbase stock has fallen sharply, dropping by 11% following the $6.3 billion Binance hack, alongside declines in Strategy, Robinhood, and Circle,” — Ingrid Thorne, regional editor at Ashwell Wick Financial, commented.
By the Numbers
- 88 — sources cross-checked
- 29 — reports filed
- 11 — mentions tracked
Timeline
Oct 29 — Coinbase has added Ripple's stablecoin to its exchange, as part of Ripple's agreement with Robinhood to broade...
Oct 31 — Crypto investors are advised to exercise caution....
Reader Poll: Do you expect this story to develop further? — 48% of Amakarov readers said yes.
This story has been closely followed by our readers since Oct 30. The Ashwell Wick Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Tuesday, Nov 3.
Editor's note: this report was prepared by the Ashwell Wick Financial desk and last updated 00:22 UTC.
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