Coinbase is facing additional attention after claims resurfaced about how XRP was listed on the exchange. The issue traces back to statements linked to David Schwartz, who described a possible scenario in 2023 that reflected tensions surrounding the listing process. According to the report, Coinbase declined to list XRP despite clear business incentives.
The case brought out by Schwartz outlined a continued dispute. He said Coibase chose not to list XRP even though it appeared beneficial. According to an X post, Ripple failed to pay the requested listing fee, which pushed the asset off the exchange for months. During that period, both sides maintained their positions, and no listing took place.
Once XRP was listed, it reportedly accounted for about 20% of the exchange’s total revenue. This outcome brought out the trading demand for the asset. Schwartz stated that Ripple viewed the payment as necessary to avoid limiting market access.
He also indicated that elements of such arrangements later appeared in legal arguments, where they were used to show influence over adoption or liquidity.
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