Coinbase, Exchanges

Is Paid Network on Coinbase?

It’s been a big week for Coinbase. The popular cryptocurrency exchange announced that it is adding support for Ethereum Classic (ETC) on its platform.

This is significant news because Coinbase is one of the most popular exchanges and this listing will make it much easier for people to buy and sell ETC.

Coinbase also announced that it is exploring the addition of five more digital assets, which could see the platform adding support for a total of seven new cryptocurrencies. The other assets being considered are Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX).

This is all part of Coinbase’s plan to become the “Google of crypto” by becoming the go-to platform for all things crypto. The exchange is already one of the most popular places to buy and sell Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).

One digital asset that Coinbase is not considering adding at this time is Paid Network (PAID). This may come as a surprise to some, given that PAID has been gaining a lot of traction lately.

So, why isn’t Coinbase considering listing PAID? There are a few possible reasons.

First, PAID is still a very new project. It only launched in September 2020 and it’s still in the early stages of development.

NOTE: WARNING: Coinbase does not currently offer Paid Network tokens. There are other exchanges that offer Paid Network tokens, but Coinbase does not. Any third-party services claiming to offer Paid Network tokens on Coinbase should be avoided as they may be scams.

This may not be enough time for Coinbase to assess the risks associated with listing such a new asset.

Second, PAID is not yet available on major exchanges. It is currently only listed on a handful of smaller exchanges, which could make it harder for Coinbase to get hold of the necessary liquidity.

Third, PAID’s team has not yet completed a full audit of their smart contract code. This is something that Coinbase requires before listing any new asset on its platform.

Fourth, there are concerns about the governance model of PAID Network. Specifically, there are worries that the project’s founders will have too much control over its direction and decision-making.

These are all valid concerns that Coinbase would need to consider before deciding whether or not to list PAID Network on its platform. However, it’s important to note that these concerns are not unique to PAID.

In fact, they are issues that all new projects face.

As such, it’s entirely possible that Coinbase may eventually list PAID Network on its platform once these concerns have been addressed by the project’s team. For now though, it seems like Paid Network will have to wait a little longer before it can be bought and sold on Coinbase.

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