Coinbase, Exchanges

What Is Consensus by Coinbase?

In October of 2017, the San Francisco-based digital currency exchange Coinbase made a big announcement: it would be adding support for a new cryptocurrency, called Bitcoin Cash. This was a controversial move, to say the least, as Bitcoin Cash is a “fork” of the original Bitcoin blockchain, and many in the community saw it as a direct competitor to Bitcoin.

In the months that followed, Coinbase faced a lot of backlash from the Bitcoin community. But it held firm on its decision to support Bitcoin Cash, and even went so far as to list it on its exchange before any other major exchanges had done so.

So, what is consensus by Coinbase? Simply put, it’s the company’s decision to list a particular cryptocurrency on its exchange. This decision is usually made after careful consideration and research by the Coinbase team, and it’s not something that’s done lightly.

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In the case of Bitcoin Cash, Coinbase’s decision to list it was met with a lot of criticism from the Bitcoin community. But ultimately, Coinbase stuck to its guns and listed the cryptocurrency anyway.

And as we’ve seen in recent months, that decision has paid off handsomely, as Bitcoin Cash has become one of the top-performing cryptocurrencies in the market.

So there you have it: consensus by Coinbase is the company’s decision to list a particular cryptocurrency on its exchange. In the case of Bitcoin Cash, Coinbase’s decision to list it was met with a lot of criticism from the Bitcoin community.

But ultimately, Coinbase stuck to its guns and listed the cryptocurrency anyway. And as we’ve seen in recent months, that decision has paid off handsomely.

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