Since its initial launch in June 2012, the Coinbase platform’s cryptocurrency listing policy has changed dramatically. After the rather controversial addition of Dogecoin (DOGE) to the crypto exchange in early June, its CEO and founder, Brian Armstrong, looks back at Coinbase’s current method of listing projects.
Already over 60 cryptos on Coinbase
While up until the end of Bitcoin’s previous bull run (early 2018), the Coinbase exchange platform was criticized for the few cryptos it offered, its pace of adding new projects has since literally exploded.
Today, Bitcoin is pretty much surrounded on the crypto exchange, as it has over 60 projects (see below).
Coinbase executive Brian Armstrong explained the current listing strategy on his platform in a series of tweets. He confirmed that the days of fine-tuning after detailed scanning are well and truly over and buried.
“Get them all! “
“Quick reminder on how Coinbase lists crypto-assets: our goal is to list ANY asset as long as it is legal to do so [in a given jurisdiction]. “Brian Armstrong
That’s it! It’s said and confirmed: no more selection and even less project analysis then. It will be easier to understand how clones of crypto jokes (shitcoins squared?) can be found on Coinbase from now on.
“Outside of our rating standards (for safety/legality), we do not offer an opinion on the value of each asset. We are agnostic (…) But generally speaking, being listed on Coinbase should not be taken as an endorsement of that asset (outside of meeting our minimum standards). Do your own research and use your best judgment! (…) “Brian Armstrong
In his immense generosity to now add anything and everything to Coinbase (as long as it’s not a proven scam), Brian Armstrong still promises that they will gradually provide “tools” (notes/reviews) to their customers so they can make “more informed” decisions.
So we’re curious to see the investment note and commentary Coinbase will provide for Dogecoin or, worse, Shiba Inu (SHIB). Since listing its shares on the NASDAQ exchange, Coinbase hasn’t touched the ground and seems to be following a similar strategy to Binance from now on… namely adding more or less anything that moves.