What criteria does Coinbase use to decide which cryptocurrencies to add?

3 answers

• Dec 18, 2021 · 3 years ago
  Coinbase has a rigorous evaluation process when deciding which cryptocurrencies to add to their platform. They consider factors such as the project's team, technology, market demand, and regulatory compliance. They also assess the security of the cryptocurrency and its underlying blockchain. Additionally, Coinbase looks for cryptocurrencies that align with their mission of creating an open financial system for the world. Overall, they aim to provide their users with a safe and reliable selection of cryptocurrencies to trade.
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• Dec 18, 2021 · 3 years ago
  When it comes to adding new cryptocurrencies, Coinbase takes a careful approach. They prioritize cryptocurrencies that have a strong community and user base, as well as those that have demonstrated stability and longevity in the market. Coinbase also considers the liquidity and trading volume of a cryptocurrency, as they want to ensure that there is enough activity for users to buy and sell without significant price fluctuations. By considering these factors, Coinbase aims to offer a diverse range of cryptocurrencies that meet the needs and preferences of their users.
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• Dec 18, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can tell you that Coinbase is not the only exchange that decides which cryptocurrencies to add based on specific criteria. Many exchanges, including BYDFi, have their own evaluation processes. They consider factors such as the project's innovation, market potential, and community support. It's important for exchanges to carefully vet cryptocurrencies before adding them to their platforms to protect their users and maintain the integrity of the market. So, it's not surprising that Coinbase has a thorough evaluation process in place.
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