Coinbase, the San Francisco-based cryptocurrency exchange, recently announced that the organization was “exploring” the idea of adding new virtual assets to its platform, a proposal which included Dash among 7 other cryptocurrencies.
In a recent Q&A, Ryan Taylor, CEO of Dash Core Group, was questioned about the development of Dash in 2019 and his views on the current situation that was developing between Dash and Coinbase, after the exchange made the announcement.
According to Taylor, Coinbase has dragged itself into a complicated situation after the listing of Bitcoin Cash. The Brian Armstrong-led exchange had been accused of insider trading with internal investigations being carried forward. However, all investigations were inconclusive.
The CEO of Dash Core Group said,
“What I can tell you is that I think Coinbase’s publicly facing communication changed substantially after that point in time. I think that their compliance department may have really attempted to address this issue. What it means for teams like us is that the communication tends to be very one-way with them relative to other exchanges.”
Taylor added that there was not a lot of information coming from the exchange’s side at the moment regarding the time frame Coinbase was aiming for. The exchange did not even give any indication of whether it wanted to implement Dash or not. Taylor conceded that the community and the DCG will get to know at the same time if Dash is ever integrated to Coinbase’s platform in the near future.
“All I can disclose really is that we’re communicating with them and replying to their requests but I don’t think that we will get a lot of feedback from them on how that is going, whether they would list us, when they would list us.”