It’s been a long time since we’ve seen a new token added to Coinbase, and even longer since we’ve seen a new coin added. So, is there any chance that Requirement (REQ) could be the next coin to join the ranks on this popular US-based exchange?
Let’s take a look at the chances.
First, some background. Coinbase has been known to be very selective about the assets it lists.
For example, it took them over two years to finally add Ethereum Classic (ETC) after initially saying they would not list it. And they’ve been very slow to add any new coins at all in recent years.
So, that doesn’t bode well for REQ’s chances.
Second, Coinbase has been burned by listing assets too early in the past. For example, they listed Bitcoin Cash (BCH) in December of 2017 when it was just a few months old and not fully developed.
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This led to all sorts of problems, including multiple forks of BCH and confusion among customers.
Coinbase has said they’ve learned from that experience and are now much more cautious about listing new assets. So, again, not good news for REQ.
Third, Coinbase is currently facing a lAWSuit from the SEC for allegedly misleading investors about its plans to list Bitcoin ETFs. This is likely to tie up the company’s resources for some time and could delay any plans to list new assets.
So, what does all this mean for REQ’s chances of being listed on Coinbase? Unfortunately, it doesn’t look good. Coinbase is likely to be very slow in adding new assets while they focus on other issues, and REQ is unlikely to be at the top of their list when they do finally start adding again.
10 Related Question Answers Found
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