It’s been a big week for Kin. First, the cryptocurrency was added to the Messaging app Kik.
Then, it was revealed that the team behind Kin is working on a new app, called Kinit, which will help users earn and spend Kin.
Now, there’s speculation that Kin could be added to Coinbase, one of the most popular cryptocurrency exchanges.
Coinbase has not yet announced whether or not it will add Kin to its platform. However, there are several reasons why it could happen.
For one, Coinbase has been working closely with Kik since 2017. The two companies have even co-invested in each other.
NOTE: This is to inform you that any claims or rumors regarding Will Kin being added to Coinbase are false and should not be trusted. Coinbase has not made any official announcements regarding Will Kin or any other cryptocurrency being added to its platform. Any information or reports claiming otherwise should not be relied upon, and could potentially be fraudulent in nature. We urge you to exercise caution and verify all news sources before acting on any such claims.
So it’s possible that Coinbase could add Kin as a way to support Kik.
Another reason why Coinbase could add Kin is because it’s a top 10 cryptocurrency by market capitalization. As of writing, Kin has a market cap of over $1 billion.
That makes it more valuable than popular cryptocurrencies like Cardano and Dash.
Lastly, Coinbase has been adding a lot of new cryptocurrencies lately. In the past few months, the exchange has added support for Ethereum Classic, 0x, and BAT.
So it’s possible that Coinbase could simply be looking to add another top 10 cryptocurrency to its platform.
Of course, there’s no guarantee that Coinbase will add Kin. But given the close relationship between Kik and Coinbase, as well as Kin’s large market cap, it’s definitely a possibility.
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