The Coinbase Effect: List of Potential Coin Millionaires
Coinbase Custody Reveals Coins Possible On The Main Market
Crypto users hope to make money on "the Coinbase effect"
Brian Armstrong’s policies drew a barrage of criticism
International consortium of news organizations, developing transparency standards.
Daily at crypto market dozens of new coins, but 90% of them do not even live up to listing on major exchanges. These coins are lucky: they are already appeared on Coinbase Custody and soon time can be listed on Coinbase / CoinbasePRO.
The Coinbase Effect in Action
The creators of new coins are trying to introduce their cryptocurrencies on one of the largest cryptocurrency exchanges Coinbase, hoping on the rapid growth in the value of the asset. It has already been repeatedly noted that after the appearance of the coin on the Coinbase platform, the value of the coin could increase by some dozens of times in a short time.
The thing is Tom, what stock exchange very carefully selects candidates for listing, making strict requirements for project founders. it means that each coin, which presented on the site today, verified whole a team of specialists and is an quality a product, not a one-day asset.
Such a policy in areas selection of coins finds support from the side of the crypto community, and themselves users willing to invest significant funds in project. Therefore immediately after coin listing on Coinbase Pro cost assets increased by 10% -200%. In the crypto environment, this is called the “Coinbase effect”.
First, each coin goes to the Coinbase Сustody platform, and only then listed on the main platform. At this moment on the custodian platform traded more twenty new coins that are coming soon may appear on the main exchange.
The absolute leader with a market cap of 4.122 million.dollars is a token growth new types of cryptocurrencies appear tokens. They can impersonate value or something intangible like, eg, vote. Two… More DOT released by Polkadot, which Today traded in district $ 4.15 per piece. The top five also included SNX tokens (Synthetix Network) – $ 4.32 apiece, FTT (FTX Trading LTD) – $ 3.54 apiece, ENJ (Enjin Coin) – $ 0.14 apiece and STX (Stox) – $ 0.004.
As a reminder, Coinbase.pro recently added to his platform YFI token, which showed record price rise.
One-sided policy and work for results
Crypto exchange Coinbase.pro really is a kind of springboard for cryptocurrency startups. And this is largely the merit of the founder and CEO of the crypto site Brian Armstrong, who in 8 years turned the crypto exchanger into a global cryptocurrency stock exchange. but Armstrong’s policies and him attitudes towards personnel cause criticism in the crypto community.
Despite the fact that the exchange totally controlled by the company and the authorities USA, Armstrong urged employees to refrain from political discussions. Those who disagree can write a letter of resignation of their own free will.
Armstrong also stressed that Coinbase will continue to adhere to the “apolitical” direction and not will be discuss “wider social issues” with your employees. Chapter Coinbase calls on mission dissent company quit because “life is too short to work for a company you don’t like.” Solution needed to accept until October 7.
This message caused a flurry of criticism, and some even recommended Armstrong himself to leave the post of the head of the company..
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