As the DeFi space continues to grow and evolve, so too does the need for new and innovative solutions to the various challenges that arise. One such solution that has been gaining traction lately is Loom Network.
Loom Network is a Layer 2 scaling solution for Ethereum that uses sidechains to offer scalability without sacrificing decentralization.
Coinbase, one of the largest and most popular cryptocurrency exchanges, recently announced that it was exploring the addition of new assets, including Loom Network. This has led to speculation that Coinbase may soon list LOOM on its platform.
While nothing has been officially announced yet, there are several reasons why Coinbase listing LOOM is a strong possibility. First, Coinbase has been increasingly receptive to new assets in recent months, listing a number of new cryptocurrencies on its platform.
Second, Loom Network meets all of Coinbase’s strict listing criteria. Finally, Loom Network has seen strong growth in both users and partnerships in recent months, making it an increasingly attractive asset for Coinbase.
Only time will tell if Coinbase does indeed list LOOM on its platform. However, all signs point to this being a strong possibility in the near future.