Why have I deliberately not taken their name? Because its obvious who I am referring to.
I will list below some reasons why I think they are hypocrites in dealing with the cryptocurrency community and show that they have double standards.
Image of being a regulatory guardian
This exchange has always tried to project themselves as a body who respects the authorities, government and regulation. Whereas cryptocurrencies have always been about trustless, anarchist movements in the face of government regulations. With their mantra, I wonder what they are doing in the cryptocurrency space which stands for trustless,non-governmental stance.Not adding Ripple's XRP to their platform
With the advent of Cobalt, Ripple's XRP is on the pathway to becoming more decentralized! This will be possible with the addition of more nodes worldwide which will be validator nodes for the ledger. XRP is a cryptocurrency, which has always been in the favour of adopting regulations. Since they have the same idea of upholding regulation and working within the system, it is baffling that they refuse to add XRP to their platform.Preparing to launch a crypto-index fund
They recently announced that they are preparing to launch a crypto-index fund. I presume XRP will be a part of it since it’s an index fund. This is where their double standards are in plain sight for all to see. They wont add XRP to their platform but will include it in their Index Fund? Now, if they decide to omit XRP from their Index Fund, which would be the right thing to do (since they have stated they don’t want anything to do with XRP) the so called Index Fund would be useless. What use would an Index Fund be if it did not have the 3rd largest cryptocurrency. Now this is a quandary that they have to deal with and I am waiting to see what approach they adopt.