The price of Ripple's XRP token fell more than 25% after Coinbase dispelled rumors that it would soon offer trading in the digital currency.
The digital currency took this sharp dive after Coinbase announced yesterday that it did not have plans to offer trading of additional cryptocurrencies on its exchanges. The announcement said:
"As of the date of this statement, we have made no decision to add additional assets to either GDAX or Coinbase. Any statement to the contrary is untrue and not authorized by the company."
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