It’s a question that’s been asked since the early days of Bitcoin. Coinbase, one of the world’s most popular cryptocurrency exchanges, doesn’t allow its users to sell GYEN.
The reason behind this is because Coinbase doesn’t want to deal with the regulatory issues that come with listing a new asset on its platform.
GYEN is a fork of the Bitcoin blockchain. It was created in August 2017 in an effort to make Bitcoin more private and anonymous.
Since then, GYEN has become one of the most popular privacy-focused cryptocurrencies.
Coinbase has been clear that it doesn’t want to list any assets that are too risky or that may be subject to regulatory scrutiny. GYEN falls into both of those categories.
That said, there are a few other reasons why Coinbase might not want to list GYEN. For one, GYEN’s trading volume is relatively low.
This makes it less attractive to listing on Coinbase, which prefers to list assets with high trading volumes.
Secondly, GYEN is not as widely accepted as other cryptocurrencies. This means that there are fewer places where people can actually use GYEN.
This is not ideal for Coinbase, which wants to list assets that people can actually use.
Lastly, GYEN’s price is also quite volatile. This makes it a less attractive option for investors who are looking for stability.
Coinbase prefers to list assets with more stable prices.
For all of these reasons, it’s unlikely that Coinbase will list GYEN any time soon. That said, there are other cryptocurrency exchanges where you can sell your GYEN.