Coinbase And Ripple Reveal New Push To Boost Crypto Adoption In the US
Mainstream crypto adoption has been one of the most important goals that the crypto industry had in 2019, and this is still a priority.
While a lot of crypto enthusiasts believe that the prices of the digital assets are what matter the most, Ripple‘s Brad Garlinghouse said more than once that there are otheer elements we should be interested in such as developments, mass adoption and more use cases for digital assets.
Ripple and Coinbase push for mass crypto adoption
It’s been revealed that executives at Ripple and Coinbase are the leaders of a new push for smart regulations that are fostering transparency and fairness in the crypto world, triggering mass adoption.
The online publication the Daily Hodl revealed that the Market Integrity Working Group, co-chaired by Coinbase senior director and associate general counsel Rachel Nelson and Ripple head of global institutional markets Breanne Madigan, are making increased efforts to help regulators understand their role in boosting the blockchain and crypto industry.
“To improve market integrity and provide consumers the confidence they deserve, Congress may need to enact legislation to support the orderly and secure functioning of crypto markets,” according to them.
It’s also believed that “Such legislation could expand the Commodity Futures Trading Commission’s (CFTC) authority to include the regulation and oversight of digital commodity exchange markets.”
The Blockchain Association is behind this new move, and they believe that crypto exchanges need a much clearer regulatory framework.
Coinbase reaches new milestone
Speaking of Coinbase. the exchange is set to reach a new milestone.
The exchange is about to have 1 million BTC valued at about $8.4 billion, says a new analysis by blockchain data platform Longhash.
Coinbase managed to increase its dominance in the market among crypto exchanges, including Binance, Bittrex, Bitfinex, Bitstamp, Kraken, and Coincheck.
2020 is expected to be a great year for cryptos and the whole industry.
Garlinghouse is both the CEO and Chairman of Ripple Labs. This year, Ripple surpassed 300 partners, including over 115 banks worldwide. Having launched On-Demand Liquidity (ODL) for cross-border payments, Ripple now has more than 20 partners using XRP for ODL, including Moneygram, Western Union, and American Express.
Coinbase is a digital currency exchange headquartered in San Francisco, California.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.