As one of the world’s largest and most popular cryptocurrency exchanges, Coinbase has listed a wide variety of digital assets on its platform since its launch in 2012. From Bitcoin (BTC) and Ethereum (ETH) to Litecoin (LTC) and Basic Attention Token (BAT), the San Francisco-based exchange has built up a user base of over 35 million people.
With such a large customer base, it’s no surprise that many users are always asking Coinbase when it will list new digital assets. One such asset that has been gaining a lot of attention lately is Avalanche (AVAX).
Avalanche is a decentralized finance (DeFi) platform that enables users to create, trade, and interact with a variety of financial instruments. The platform is designed to be scalable and secure, with the aim of becoming the go-to DeFi protocol for developers.
So, will Coinbase list Avalanche on its platform? Let’s take a look at what the exchange has to say about listing new digital assets.
NOTE: WARNING: There is NO OFFICIAL ANNOUNCEMENT confirming that the cryptocurrency Avax will be listed on Coinbase. Any claims that suggest otherwise are likely false and should be treated as such. Investing in cryptocurrency is highly speculative, and investing in any asset based on rumors or speculation can be extremely risky. Please exercise caution when considering any investment related to Avax and make sure to do your own research before making any financial decisions.
In December 2018, Coinbase announced that it had listed Ethereum Classic (ETC) on its platform. At the time, the exchange said that it would “continue to evaluate dozens of digital assets” and that it would “add more over time”.
Coinbase has also been pretty clear about the criteria it uses to list new digital assets. In March 2018, the exchange published a blog post outlining these criteria, which includes factors such as compliance with local lAWS, security, and liquidity.
Based on these criteria, it seems likely that Coinbase will eventually list Avalanche on its platform. The Avalanche platform is compliant with local lAWS in the jurisdictions where it operates, and it has also been audited by independent security firms.
Furthermore, the Avalanche token has been trading on major exchanges such as Binance and OKEx for some time now, so there is already significant liquidity in the market.
Of course, there is no guarantee that Coinbase will list Avalanche in the near future. However, given all of the factors mentioned above, it seems like only a matter of time before the popular cryptocurrency exchange adds AVAX to its platform.
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As one of the most popular cryptocurrency exchanges in the United States, Coinbase has been a major player in helping to shape the bitcoin and cryptocurrency landscape. Founded in 2012, Coinbase was one of the first exchanges to offer a user-friendly platform that made buying and selling cryptocurrencies easy for mainstream users. In the years since, Coinbase has continued to innovate, adding new features and services that have made it one of the most popular exchanges in operation today.
It’s been speculated that Floki may be added to Coinbase in the near future. This is based on numerous factors, including the recent addition of Ethereum Classic (ETC) to the Coinbase platform. Coinbase has been known to add new assets in batches of 5-6, and ETC was the 5th asset added in 2018.