Coinbase, Exchanges

Will Luna Be Listed on Coinbase?

As one of the most popular cryptocurrency exchanges in the United States, Coinbase has been a major player in driving the mainstream adoption of digital assets. Founded in 2012, Coinbase allows users to buy and sell cryptocurrencies, as well as store them in a wallet on the platform.

Coinbase has been relatively tight-lipped about which assets will be listed on the platform in the future. However, there has been speculation that Luna, a new cryptocurrency created by Blockstack, could be next in line for listing on Coinbase.

Here’s a look at the potential listing of Luna on Coinbase and what it could mean for the cryptocurrency market.

What is Luna?

Luna is a new cryptocurrency that was created by Blockstack, a decentralized computing platform that allows developers to build apps on a blockchain. Blockstack launched its Initial Coin Offering (ICO) for Luna in October 2017, raising $5 million from investors.

The Luna token is used to power the Blockstack network and is required for developers to build apps on the platform. Luna is similar to other cryptocurrencies that are used to power decentralized applications (dapps), such as Ethereum and EOS.

Why Coinbase Could List Luna

Coinbase has been relatively quiet about which assets will be listed on the platform in the future. However, there are several reasons why Luna could be next in line for listing on Coinbase.

NOTE: WARNING: Coinbase has not confirmed that Luna will be listed on their platform. Do not invest in Luna or make any decisions based on the assumption that it will be listed on Coinbase. Investing involves risk and you should always research and understand the risks of any investment before making a decision.

First, Coinbase has expressed interest in listing cryptocurrencies that power dapps. In March 2018, Coinbase CEO Brian Armstrong said that the exchange was exploring the listing of five different types of digital assets, including tokens that power dapps.

Given that Luna is a token that powers a dapp platform, it’s likely that Coinbase would be interested in listing it.

Second, Blockstack has strong ties to Coinbase. One of Blockstack’s co-founders, Muneeb Ali, was an early employee at Coinbase.

In addition, Blockstack is backed by notable investors like Union Square Ventures (USV), which is also an investor in Coinbase. These strong ties could make it more likely for Luna to be listed on Coinbase.

Finally, Luna has already been listed on several other cryptocurrency exchanges, including Binance and Upbit. Binance is one of the largest cryptocurrency exchanges in the world, so this listing could increase demand for Luna and make it more attractive to Coinbase.

What Does This Mean for Cryptocurrencies?

If Coinbase were to list Luna, it would likely have a positive impact on the price of the token. Cryptocurrencies tend to see price increases when they get listed on new exchanges, especially major exchanges like Coinbase.

Given Coinbase’s large user base and reputation as a trusted exchange, a listing on Coinbase could lead to significant price growth for Luna. In addition, a listing on Coinbase could help increase awareness and adoption of Blockstack’s dapp platform among mainstream users.

Previous ArticleNext Article