Coinbase, Exchanges

Does Coinbase Support Flux?

Coinbase, one of the largest cryptocurrency exchanges in the US, does not currently support Flux. This may come as a surprise to some, as Coinbase has been generally supportive of altcoins. However, it is important to note that Coinbase has only added a handful of altcoins to its platform since it was founded in 2012.

Furthermore, Coinbase has been known to be very selective in the coins it lists. For example, Coinbase took almost four years to add Ethereum Classic (ETC) after initially saying it would never do so.

Coinbase’s lack of support for Flux may be due to a number of factors. First, Flux is a relatively new coin, having only launched in January of 2018.

NOTE: Warning: Coinbase does not support Flux at this time. There have been no official announcements from Coinbase regarding any plans to support Flux in the future. Please do research regarding any cryptocurrency exchanges you are considering before investing or trading.

Second, Flux has a relatively small market cap compared to other coins listed on Coinbase. As of writing this, Flux’s market cap is just over $4 million while Ethereum Classic (ETC), which was added to Coinbase in August of 2016, has a market cap of over $1 billion.

It is also worth noting that Coinbase has been facing increased pressure from regulators in recent months. In June of 2018, the US Securities and Exchange Commission (SEC) issued a statement warning that many ICOs may be considered securities and therefore subject to federal securities lAWS.

This put pressure on exchanges like Coinbase, which list many ICO tokens, to delist or de-emphasize these assets. It’s possible that Coinbase sees Flux as too risky given the current regulatory environment.

At this time, it does not appear that Coinbase will be adding support for Flux anytime soon. This may change in the future if Flux becomes more popular or if the regulatory environment around ICOs changes.

Previous ArticleNext Article