Coinbase CEO Brian Armstrong shared a tidbit about the listing policy controversy that flared up with Dogecoin
Coinbase CEO Brian Armstrong shared a tidbit about the listing policy controversy that flared up with Dogecoin. Armstrong stated that the purpose of the exchange is to list “every” crypto asset as long as it is legal .
“A reminder of how Coinbase lists assets: Our goal is to list *every* asset where it’s legal.”
Armstrong also says that the exchange offers no special treatment when listing cryptocurrencies:
“Outside of our listing standards (for security/legality), we do not offer an idea of the value of each asset. We are asset agnostics because we believe in free markets and that consumers should have a choice in the cryptoeconomics. Only that way can we have the most innovation.”
The CEO also suggested that over time, the exchange will offer its users ways to review or rate each asset. In theory, he said, this would be to provide information to other consumers to make more informed decisions.
The stock market gained momentum in new listings. In 2017, Coinbase only offered the ability to trade with four cryptocurrencies. These were Bitcoin, Ethereum, Litecoin and Bitcoin Cash . Back then, a Coinbase listing meant a huge opportunity, often driving a coin’s price up when it was announced that it would be listed. This is known as the “Coinbase Effect” .
So far, the exchange has listed 63 assets, ranging from stablecoins like Tether (USDT) to popular cryptocurrencies like Cardano (ADA) and relatively unknown cryptocurrencies like NKN (NKN), which is ranked 166th on CoinMarketCap .
In January, Coinbase announced that it was examining 44 cryptocurrencies to list . The exchange has already added a few, including Ankr (ANKR), Curve (CRV), and Skale (SKL). The stock market also added Barnbridge (BOND), Livepeer (LPT) and Quant’ (QNT) three days ahead.