Coinbase users across the world are always in anticipation of the latest Coinbase listing. Despite the excitement and the wait, progress in this sector has been utterly slow compared to other platforms. However, we can’t blame the platform for this slow pace.
As we know, Coinbase is one of the most popularly used crypto trading platforms in the world. So naturally, they have a lot to consider while choosing a new coin to add to their listings. On top of that, there are so many possible entries with considerable qualities to choose from. Knowing all this, we can understand why the process has been slow as of late.
If you’re one of those people who are dying to find out the next listing for Coinbase, then you are in luck. This article will talk about anything, and everything concerned when it comes to Coinbase listings. So, without further ado, let’s get right into it!
In order to talk about Coinbase listing, we have to understand what the word listing means in the first place. Listing occurs when a platform or exchange offers trading pairs for a specific asset.
In other words, when a particular asset is available to be traded on a specific exchange, it is called listing. To put things simply, if the asset is available to trade in Coinbase, it has been listed on the platform.
Today, more than 50 different cryptocurrencies are listed on the Coinbase platform, which is an impressive feat. Every single coin has been selected after carefully going through all the factors involved. Coinbase has some of the biggest names in crypto coins, such as Bitcoin and Ethereum. Apart from that, the platform also includes popular assets like Dogecoin.
If you think the number of coin listings in Coinbase is impressive, wait till you hear about Coinbase pro listings. As of 2022, the Coinbase Pro platform has over 130 different cryptocurrencies in its listing. Now that is an extremely impressive amount, unlike anything we have seen. It’s no wonder the platform is one of the world’s biggest and most trusted platforms.
Everything you need to know about Coinbase Listing
Picking the right coin for the next Coinbase listing is a painfully complicated task. The sheer number of factors and attributes to consider can drain anyone’s brain to exhaustion. That being said, Coinbase currently has a list of 45 coins to consider, which is quite the number. The platform definitely has a lot of work to do when it comes to selecting coins for the next listing. Let us take a look at some of Coinbase’s selection methods for new currencies.
Coinbase had recently launched a system called Asset Hub, which was built to help select new coin listings. Asset Hub makes the selection process easier by collecting data on the candidate coins. Coinbase’s framework then evaluates this data to ensure that they meet their standards. Despite this advantage, selecting the correct set of coins is still a challenging task today. But why is this the case?
To understand things better, let us look at a list of general factors which are important for the selection process. We aren’t saying that these factors make or break an asset. These are simply some factors that Coinbase watches out for during their intricate selection process.
First of all, the concerned asset and its project platform should have real and substantial value. It also helps if the concerned asset was not mass distributed during its phase of un-usable phase. Assets that have ties with illegal business categories will find it difficult to get selected as well.
Assets whose source code is not verifiable by Etherscan may also find it difficult to make it through. The source code is needed for the security engineer to analyse the behaviour of the coin. Without having access to it, Coinbase will not be able to ascertain the token’s characteristics. This affects the chances of that asset when it comes to being listed on Coinbase.
Security audits are an absolute must for assets with complicated and advanced levels of coding. Moreover, the keys required to perform high-level functions should not be controlled by a single individual. This includes key functions like pausing transactions and changing the token’s attributes. Having this element controlled by a single system makes it slightly difficult for the asset to get listed.
The asset must contain information on key individuals such as project executives or owners. Failure to include such information decreases the overall credibility of that particular coin. It is similarly so if the initial coins of a particular asset are mass distributed in a sales event. In other words, always talk about yourself, and don’t overplay your hand!
Developers should be careful how they present their coins to the public. Any and all claims made by them can and will definitely be cross checked and tested by the Coinbase team. This particularly includes situations where the developer claims a significant rise in the coin’s value. In this scenario, the selection body from Coinbase will have to find proof regarding the developer’s claims. Failure to find any such attributes will result in the asset being rejected.
The Coinbase team will be reluctant to approve any asset whose core team owns a considerable percentage of the asset. This would allow the core team to force a vote decision if they wished. Assets that have too many of their shares owned by one party are also likely to be dropped.
What are some of the popular coins added to the Coinbase listing?
Coinbase has a string of significant assets apart from the usual powerhouses such as BTC and ETH. One such name that comes to mind is the comical but valuable Dogecoin which was initially created as a joke.
You see, unlike BTC, Dogecoin was designed for the pure purpose of getting a few laughs. It was never supposed to be anything serious or remotely valuable under any circumstance. The creators even decided to make the coin extremely abundant without limitations on the total number of coins minted. Considering all this, one can completely understand why this asset is called a ‘memecoin’.
However, all that changed in 2021 when Dogecoin hit a total valuation of more than 50 billion dollars. Despite individual coins being almost worthless, the sheer volume of available coins in the market gave it the boost it needed. You’ll be amazed to know that there are atleast 10,000 Dogecoins being minted every single minute. Now that is a HUGE amount of coins.
What are some of the recent coins added to Coinbase?
The month of March kicked off with Coinbase adding an exciting range of new coins to their platform. Some of these digital assets might be unknown to most readers; however, we know they are of excellent quality.
These new coins include Gala, Arpa, Bluezelle, Gods unchained and Ape Coin. If you haven’t heard about any of these coins, you can find plenty of information on the internet. Our favourite pick from this listing goes to the flamboyant Ape Coin (APE).
The creator of APE is Yuga Labs, which is the same creator of the famous BAYNC string of NFTs. Given the popularity of their Bored Ape Yacht NFT project, crypto traders worldwide are lining up to buy Ape coins. We personally are very glad and excited to see this popular coin make its way into the Coinbase family and are hoping that the Bored Ape Yacht NFTs will be available for sale on the Coinbase NFT marketplace once it launches.
This ERC-20 utility token has already become a symbolic champion for the gaming culture, amongst other things. What’s interesting about this token is that it is operated by a decentralised autonomous organisation. In essence, every community holder is granted a certain degree of governance rights to control the coin’s ecosystem. Overall, it has an edginess that attracts thousands of people.
When will Coinbase list new coins?
As of now, there is no official news about when Coinbase will list new coins. The common belief is that the new batch of coins will only be added in the latter half of this year. Until then, users have no choice but to keep waiting and hope those new additions come to the platform soon.
However, we did come across some new assets that Coinbase might potentially list in the near future. Some of these cryptocurrencies include Ren, VeChain, Horizon, DigiByte and COMP. As of now, there isn’t much information on the characteristics of these coins. However, we are sure that details will be soon be made available on prominent crypto sites.
You can always search the Coinbase blog site to check out more information regarding new coins. Coinbase blog makes regular updates on crypto related content around the globe.
Coinbase Listing FAQs
Shiba Inu, or SHIB coins, were listed in Coinbase on September 16, 2021.
The globally popular and abundant Dogecoin was listed on Coinbase on June 1, 2021. This was done after the coin saw a significant rise in popularity earlier during the same year.
Solana was listed in Coinbase on May 20, 2021.