Coinbase, Exchanges

Why Is SafeMoon Not on Coinbase?

As of May 2021, SafeMoon is not available on Coinbase. There are several potential reasons for this.

1. SafeMoon has only been around since March 2021.

Coinbase generally lists projects that have been around for longer and have a more established track record.

2. Coinbase may be concerned about SafeMoon’s relatively high token supply.

As of May 2021, there are over 10 billion SafeMoon tokens in circulation. This could make it difficult to maintain market liquidity if a significant portion of tokens are held by a small number of investors.

NOTE: It is important to be aware that SafeMoon is not currently available on Coinbase. This cryptocurrency is not listed on any regulated exchanges, and there is no guarantee that it will ever be listed on Coinbase or any other major trading platform. It is also important to note that SafeMoon has been the subject of numerous scams, and there are many reports of people having lost money in these schemes. As such, it is strongly advised that investors exercise extreme caution when considering investing any money in this cryptocurrency.

3. Coinbase may also be worried about the potential for price manipulation, as SafeMoon’s price is largely determined by its buyback and burning mechanism.

If a large investor were to sell a large amount of tokens all at once, it could trigger a sharp price decline.

Overall, it seems that Coinbase is taking a cautious approach to listing new projects like SafeMoon. This is likely due to the fact that these projects are often much riskier than more established ones.

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