Polkadot is a new cryptocurrency that has been getting a lot of attention lately. Many people are wondering why it’s not on Coinbase, one of the most popular exchanges.
There are a few possible reasons for this. One possibility is that Coinbase is simply not ready to support Polkadot yet.
They may be waiting for the currency to become more established before listing it. Another possibility is that Coinbase is not confident in Polkadot’s long-term prospects and doesn’t want to risk listing a currency that may not be around for very long.
It’s also possible that Coinbase is simply waiting for the right time to list Polkadot. They may be waiting for the price to stabilize or for more exchanges to list it before they do.
Whatever the reason, it’s clear that Coinbase is taking a cautious approach to listing new cryptocurrencies.
NOTE: WARNING: Coinbase does not currently offer Polkadot (DOT) as a digital asset. Participating in trades involving Polkadot (DOT) on Coinbase is not supported and can lead to unexpected losses or other risks. It is recommended that you only use Coinbase for trading digital assets that are listed on their platform.
This cautious approach is likely due to the fact that Coinbase has been burned in the past by listing currencies that have then failed. For example, they listed Bitcoin Cash in December of 2017 only to see the price crash soon after.
This likely made them hesitant to list another new currency like Polkadot right away.
It’s also worth noting that Coinbase has listed other new currencies in the past, such as Ethereum Classic and 0x, so they are not opposed to listing new currencies altogether. It seems they are just being extra careful with Polkadot due to its recent hype and volatility.
In conclusion, there are a few possible reasons why Coinbase has not listed Polkadot yet. They may be waiting for the currency to become more established or for the price to stabilize.
Or, they may simply be taking a cautious approach due to past failures when listing new currencies. Whatever the reason, it’s clear that Coinbase is being careful with this new cryptocurrency.
8 Related Question Answers Found
Polkadot is a cryptocurrency project that aims to build an ecosystem of interconnected blockchains. The project was founded by Gavin Wood, who is also the co-founder of the Ethereum project. The native token of the Polkadot ecosystem is DOT.
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