It’s been a rollercoaster week for the cryptocurrency community. First, there was the drama surrounding Tether (USDT) and its possible insolvency.
Then Bitcoin (BTC) crashed hard, taking the rest of the market down with it. And now, it seems that Coinbase may be listing yet another cryptocurrency – Japanese Yen (JPY) stablecoin GYEN.
The news comes courtesy of Twitter user @CoinbaseProExchange who posted a screenshot of what appears to be GYEN trading pairs on the Coinbase Pro platform. The tweet quickly caused a stir in the crypto community, with many speculating that Coinbase is indeed listing GYEN.
If true, this would be big news for both Coinbase and GYEN. For Coinbase, it would be another feather in its cap as it continues to expand its offerings and solidify its position as one of the leading cryptocurrency exchanges in the world.
NOTE: WARNING: There is no official confirmation that GYEN will be added to Coinbase. Any reports or rumors that suggest otherwise should not be trusted. If you are considering investing in GYEN, please do your own research and verify any information before taking any action.
For GYEN, it would mean increased exposure and adoption, as well as a boost in price.
At the time of writing, there has been no official confirmation from Coinbase about the listing of GYEN. However, given the recent track record of unconfirmed listings on Coinbase Pro (such as Basic Attention Token (BAT) and 0x (ZRX)), it’s not unreasonable to think that GYEN could be next.
We will have to wait and see what happens next.
Conclusion: Only time will tell if GYEN is actually listed on Coinbase, but if past events are any indication, it’s quite possible that we will see this happen in the near future.
6 Related Question Answers Found
It’s been a wild ride for GYEN holders over the past few weeks. First, the token was delisted from Binance without any warning or explanation. This sent the price plummeting, as many holders sold in panic.
In March of 2018, Coinbase, one of the most popular cryptocurrency exchanges, announced that it would be adding support for the Ethereum fork GYEN. This was seen as a positive move by the community, as it would provide more exposure for GYEN and potentially lead to more adoption. However, just a few months later, Coinbase announced that it would be removing GYEN from its platform.
As of September 13th, 2019, GYEN is no longer available on Coinbase. There are a few potential reasons for this. The first is that GYEN was not performing well on Coinbase.
In June of 2018, Coinbase announced that it would be rebranding its GDAX exchange to Coinbase Pro. This was done in order to better reflect the company’s focus on professional traders and investors. However, many users are still wondering if Coinbase still uses GDAX.
As of late, there has been much speculation surrounding the crypto exchange Coinbase and the addition of new assets. One such asset, GYEN, has been the subject of particular interest. So, what is going on with GYEN on Coinbase?
You may have noticed the new addition in the Coinbase app – GYEN. Coinbase has stated that they are “excited to announce” the addition of GYEN to their app. The move comes as part of Coinbase’s plan to “list more assets that meet our standards for compliance, security, and utility”.