- David Schwartz mentioned Coinbase requested Ripple for thousands and thousands earlier than agreeing to record XRP.
- Schwartz mentioned XRP later accounted for about 20% of Coinbase income after itemizing.
- XRP lengthy liquidations reached $1.49M in 24 hours, whereas Binance lengthy/brief accounts stood at 2.655.
Ripple CTO David Schwartz, generally known as JoelKatz, has claimed Coinbase sought thousands and thousands earlier than agreeing to record XRP.
The declare has introduced recent consideration to early itemizing talks between Ripple and Coinbase. It has additionally returned focus to XRP buying and selling knowledge, as merchants stay closely positioned on the lengthy facet.
Ripple CTO Describes Early XRP Itemizing Talks
Schwartz mentioned Coinbase didn’t record XRP at first, though XRP may assist trade exercise. He mentioned the 2 firms couldn’t agree on phrases. He additionally mentioned the dispute centered on a big cost request.
In feedback shared publicly, Schwartz mentioned, “They ask Ripple for thousands and thousands of {dollars} to record, and we refuse.” That assertion is now central to the dialogue. It presents the delay as a enterprise dispute, not a technical difficulty.
🚨BREAKING: Ripple’s JoelKatz REVEALED Coinbase DEMANDED MILLIONS To Listing XRP 😳🔥
Again in 2023, @Ripple CTO @JoelKatz described what REALLY occurred behind the scenes with @Coinbase XRP itemizing. 👀@Coinbase trade REFUSED to record $XRP though it was OBVIOUSLY of their… https://t.co/9KdZZDnwlD pic.twitter.com/N5fDXHKo09
— Diana (@InvestWithD) March 29, 2026
The declare stays an allegation from Ripple’s facet. No supporting contract particulars had been included within the materials supplied right here. Because of this, the account needs to be learn as Schwartz’s model of occasions.
Schwartz Says XRP Later Grew to become a Massive Income Supply
Schwartz additionally mentioned Ripple later reached an settlement with Coinbase. After that, XRP was listed on the trade. He mentioned the asset shortly turned a significant supply of buying and selling income.
In keeping with Schwartz, XRP later made up about 20% of Coinbase income. That determine has not been independently verified right here. Nonetheless, the declare has drawn consideration as a result of it hyperlinks the itemizing to a transparent industrial profit.
The income assertion has added weight to the talk across the earlier delay. It suggests Coinbase knew XRP may appeal to sturdy consumer exercise. Even so, the precise phrases of any later settlement stay unclear.
XRP Sentiment Nonetheless Exhibits a Clear Lengthy Bias
Present derivatives knowledge exhibits that XRP merchants stay tilted towards lengthy positions. Binance XRP/USDT long-short accounts stand at 2.655. OKX XRP accounts present a long-short ratio of two.15.
Binance prime dealer long-short accounts stand at 2.8241. Binance prime dealer long-short positions stand at 1.159. This hole exhibits many merchants are lengthy, however place measurement is extra balanced.
That sample usually factors to a cautious bullish stance. Merchants could favor upside, however they aren’t utilizing equal conviction in measurement. The information exhibits optimism, and it additionally exhibits restraint.
Liquidations Present Latest Stress on Bullish Merchants
Latest liquidation knowledge exhibits that lengthy merchants have taken a lot of the losses. Over 4 hours, complete XRP liquidations reached $316.75K. Of that quantity, $308.28K got here from longs.
The identical sample seems within the 12-hour and 24-hour knowledge. Over 12 hours, liquidations reached $792.89K, with $701.40K from longs. Over 24 hours, liquidations reached $1.60M, together with $1.49M from longs.
The one-hour knowledge was a lot smaller, and it confirmed a unique cut up. Whole liquidations reached $2.10K, and all of it got here from shorts. Which will level to a short-term pause after a broader lengthy squeeze, whereas XRP sentiment stays bullish total.