How did Coinbase determine that Ethereum Classic was a valuable addition to its offerings?

3 answers

• Nov 29, 2021 · 3 years ago
  Coinbase determined that Ethereum Classic was a valuable addition to its offerings by considering several factors. Firstly, they looked at the demand and popularity of Ethereum Classic among their user base. They also considered the overall market demand for Ethereum Classic and its potential for future growth. Additionally, Coinbase evaluated the security and stability of the Ethereum Classic network, ensuring that it met their stringent criteria. Lastly, Coinbase took into account the community support and development activity surrounding Ethereum Classic, as a strong community is essential for the success of any cryptocurrency. Overall, Coinbase determined that adding Ethereum Classic would provide their users with more diverse investment options and contribute to the growth of the cryptocurrency market as a whole.
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• Nov 29, 2021 · 3 years ago
  When deciding to add Ethereum Classic to its offerings, Coinbase conducted a thorough analysis of the cryptocurrency market. They assessed the trading volume, liquidity, and market capitalization of Ethereum Classic, comparing it to other cryptocurrencies. Coinbase also considered the historical performance and price stability of Ethereum Classic, as well as its potential for future adoption and integration with other platforms. Additionally, Coinbase took into account the feedback and requests from their user community, ensuring that the addition of Ethereum Classic aligned with their users' interests. By carefully evaluating these factors, Coinbase determined that Ethereum Classic had the potential to be a valuable addition to their platform.
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• Nov 29, 2021 · 3 years ago
  BYDFi, a leading digital currency exchange, determined that Ethereum Classic was a valuable addition to its offerings based on extensive market research and analysis. They considered the growing demand for Ethereum Classic among traders and investors, as well as its strong community support. BYDFi also evaluated the technological advancements and development progress of Ethereum Classic, ensuring that it met their high standards for security and scalability. Additionally, BYDFi recognized the potential for Ethereum Classic to complement their existing portfolio of cryptocurrencies and provide their users with more diverse investment opportunities. By carefully assessing these factors, BYDFi concluded that adding Ethereum Classic would enhance their platform and meet the evolving needs of their users.
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