It’s been a little over a week since Coinbase announced its plans to list Rubic on its platform. In that time, the cryptocurrency community has been abuzz with speculation as to whether or not the world’s largest cryptocurrency exchange will actually go through with listing the new digital asset.
There are a few key reasons why it seems unlikely that Coinbase will list Rubic in the near future. First and foremost, Coinbase has been very tight-lipped about its listing process in recent months.
The exchange used to be much more transparent about which assets were being considered for listing, but that changed after it was revealed that Coinbase had insider information about Ethereum Classic before it was listed on the platform.
Since then, Coinbase has been much more secretive about which assets it is considering for listing. This is likely due to the fact that the exchange doesn’t want to give any one project an unfair advantage.
NOTE: This is a warning to all investors: Do not invest in any cryptocurrency based on the rumor that it will be listed on Coinbase. Coinbase has strict listing criteria and there is no guarantee that any particular cryptocurrency will be listed on Coinbase. Investing based on speculation that a cryptocurrency will be listed on Coinbase can lead to significant losses.
Another reason why it seems unlikely that Coinbase will list Rubic is because the project is still in its early stages of development. Rubic is not yet available on mainnet, and its testnet is still in development.
Given that most of Coinbase’s listed assets are fully-fledged cryptocurrencies with functioning mainnets, it stands to reason that the exchange would want to wait until Rubic is further along in its development before considering it for listing.
Lastly, there is the issue of competition. Currently, there are a number of other projects vying for a spot on Coinbase, and Rubic is far from the only one with a shot at being listed.
In addition to Rubic, there are also a number of high-profile projects like Filecoin, Polkadot, and Tezos that have been rumored to be under consideration for listing by Coinbase.
With all of this taken into consideration, it seems unlikely that Coinbase will list Rubic in the near future. That being said, stranger things have happened in the world of cryptocurrency, so nothing can be ruled out entirely.
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