Many top-notch coins are expected to grab a place in Coinbase listing.
Coinbase, which is one of the world’s most prominent cryptocurrency exchange is an ideal venue where every coin aspires to be listed. In a candid interview with CNBC, Coinbase’s COO Asif Hirji hinted to include as many meaningful coins as possible in the upcoming year.
The Coinbase news will come as a relief for many quality projects waiting on the side bench.
“The reality is that three or four years back Bitcoin was the only coin that mattered in cryptocurrency and then Ethereum came along. Now we are at a point where there are 3000 or 4000 currencies that are out there, and there are probably 200 of those that mattered, and you should assume that over time, add all the cryptocurrencies that matter in as many geographies we are allowed to add them.”
A similar statement was made by Coinbase Vice President Dan Romero when he considered Laura Shin’s podcast Unchained which threw some light on what Coinbase was thinking.
Dan stated that the ability to manage cryptocurrencies is a core piece of functionality in the ecosystem.
Earlier this month, Coinbase announced its support for Civic, District0x, Loom Network and Decentraland’s tokens. The exchange, after adding support to several new tokens in the past few months, now continues to evaluate around 30 ERC 20 prospective assets against its Digital Asset Framework to determine factors like security, compliance and exchange’s mission of creating an open financial system for the world.
Hirji also added that institutional investors that have invested in Coinbase considered exchange’s development than the price of Bitcoin before investing in the firm. Besides, the investors will make money in the long term as cryptos cannot offer much for a short period. On being asked regarding the IPO, Hirji said that Coinbase has to go a long way to be considered as an IPO.
Coinbase in 2019 is expected to catch a flurry of listings, and the coins will have to do their best to find a rank in the listing.
MobileAppDaily host a team of experienced technical writers, industry wizards, and app experts who have an exact knack of content that caters to the needs of the mobile app targeted audience. We strive to bring you the best of tech!