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.
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.