How does Coinbase decide which digital currencies to add?

3 answers

• Dec 17, 2021 · 3 years ago
  Coinbase has a thorough evaluation process when deciding which digital currencies to add to their platform. They consider a variety of factors, including the project's team, technology, market demand, and regulatory compliance. They also assess the potential for long-term growth and adoption. It's important for a cryptocurrency to have a strong community and a clear use case. Coinbase aims to provide a secure and reliable platform for its users, so they prioritize adding digital currencies that meet their strict standards.
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• Dec 17, 2021 · 3 years ago
  When evaluating a new cryptocurrency, Coinbase looks at the team behind the project. They assess the team's experience, expertise, and track record. They also consider the technology and innovation behind the cryptocurrency. Coinbase wants to ensure that the technology is robust and has the potential to bring something new to the market. Additionally, they evaluate the market demand for the cryptocurrency and its potential for widespread adoption. Regulatory compliance is another crucial factor as Coinbase operates in a regulated industry and needs to ensure they are in compliance with relevant laws and regulations.
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• Dec 17, 2021 · 3 years ago
  As a digital currency exchange, Coinbase aims to provide a wide range of options for its users. They want to offer cryptocurrencies that have a strong community and are likely to have long-term growth potential. Coinbase also takes into account user feedback and requests when deciding which digital currencies to add. They want to ensure that the cryptocurrencies they add align with the interests and needs of their user base. By adding new digital currencies, Coinbase aims to expand the options available to their users and provide opportunities for diversification in their investment portfolios.
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