As one of the largest and most popular cryptocurrency exchanges in the United States, Coinbase has been responsible for helping to onboard millions of new crypto users. So, when a new coin is added to Coinbase, it often leads to a significant price increase as investors and speculators buy in, expecting the coin to be added to Coinbase Pro (the exchange’s more advanced trading platform) and/or Coinbase Consumer (the exchange’s retail-focused app).
In June 2018, Coinbase announced that it was exploring the addition of five new assets to its platform, including Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). Of those coins, only ADA and BAT have been added to Coinbase Pro so far.
This leaves three coins still in limbo: XLM, ZEC, and ZRX. And of those three, XLM seems like the most likely candidate to be added to Coinbase in the near future.
Here’s why.
1. Stellar Has a Strong Use Case
One of the main criteria that Coinbase looks at when considering adding a new asset is whether or not that asset has a strong use case. And Stellar definitely has a strong use case.
NOTE: This question is often asked but there is no definitive answer as of yet. Coinbase has not made any announcements regarding listing VeChain, and it is uncertain when or if VeChain will be listed. Additionally, Coinbase has strict requirements for listing coins and tokens, so even if VeChain does meet the requirements, there is no guarantee that Coinbase will list the asset. Therefore, any speculation about VeChain being listed on Coinbase should be taken with caution and should not be taken as a guarantee that VeChain will be listed on Coinbase in the future.
Stellar is designed for facilitating cross-border payments. The network uses a distributed ledger to track who owns what assets and allows users to exchange those assets quickly and cheaply.
That makes it ideal for use cases like international money transfers, micropayments, and even cross-border trade financing.
2. Stellar Is Backed by a Strong Foundation
Another important criterion that Coinbase looks at is whether or not an asset is backed by a strong foundation. And again, Stellar passes this test with flying colors.
Stellar was founded by Jed McCaleb, who also co-founded Ripple (XRP). McCaleb is one of the most well-known and respected figures in the crypto space, so it’s no surprise that Stellar has such a strong foundation.
In addition to McCaleb, the Stellar Development Foundation (SDF) is also supported by big names like Stripe CEO Patrick Collison, WordPress founder Matt Mullenweg, and Y Combinator president Sam Altman.
6 Related Question Answers Found
As one of the most popular cryptocurrency exchanges in the United States, Coinbase has been a gateway for many people to enter the crypto market. Founded in 2012, Coinbase is a digital asset exchange that allows its users to buy, sell, and store cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and more. Recently, there has been much speculation as to whether or not popular altcoin VeChain will be listed on Coinbase. .
It’s been a little over a week since VeChain (VET) was listed on Coinbase Pro and since then the price of VET has surged by more than 30%. This has led many to believe that Coinbase will soon list VET on its main platform, which could lead to even more price appreciation. In this article, we will take a look at the evidence that suggests Coinbase could list VeChain in the near future and what impact this could have on the price of VET.
As of now, VeChain is not on Coinbase. However, this may change in the future as Coinbase has been known to add new coins to their platform. For now, those looking to buy VeChain will need to do so on another exchange.
It’s been a big year for cryptocurrency. Bitcoin has surged in value, and new coins are being created all the time. One of the most popular new coins is Velas, which has seen a lot of growth in recent months.
It’s been a rumor for some time now that Telcoin (TEL) will be listed on Coinbase. While the exchange has not confirmed this, there is certainly a lot of speculation going on. So, will Telcoin be on Coinbase?
Nervos is a decentralized network of public and private blockchains, built on the foundation of the world’s first trustless cross-chain protocol. The Nervos Common Knowledge Base (CKB) is the layer 1, proof-of-work public blockchain of the Nervos Network. The Nervos Network claims to offer a unique solution to the blockchain scalability problem.
