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Showing posts with label coinbase exchange. Show all posts
Showing posts with label coinbase exchange. Show all posts

ICO And New Crypto Platforms Usually Focus On Coinbase Listing

If something sells quickly, then people tend to run after that and this is what has been the trend of late or should I say from time immemorial? Well, if we look at the picture then we can say that people run after a certain aspect or invest in certain division only when they see it in news or hear it from someone else.
It is also true as common folks like us require some sort of affirmation that yes, this is it… it has been breaking new ground so why not focus on this at the moment? And / or adopt a wait and watch policy?! Occasionally, it may work but not every so often! Decision of an individual should not and never be made merely based on a theory instead it is in one’s interest that you carry out thorough research before trying to step in the waters.

Reality Check
Agreed that Coinbase, a leading United States based Digital Currency giant has listed out cryptocurrencies on its ‘Coinbase Pro’ division. However, what has to be taken a note of is the fact as to how the crypto listings move around; as in do they every time move up the ladder or is it that at times, they also go the other way round.

History may tell the Difference
To help you further in this regard, we have put across various examples for you to view and ponder over before making a final call. Let us have a close look at the way BAT or Basic Attention Token has been listed on Coinbase:
It was way back in the month of July that Coinbase had first announced its intention of bringing BAT aka Basic Attention Token on board. When this announcement went live, and particularly on the 14th of July, there was an uproar of sorts wherein BAT gained 30% on news!
This was also probably the first time that a ‘fiat to crypto’ exchange had seen such a raise in a short span of time. On the other hand, Coinbase made it very clear on its social handle that there is nothing to guarantee as to what would be the future of any listing of a particular token on its exchange.
Besides, there are many listings in Coinbase that do not have complete support from their side, it can be either partial support or there may be some cases wherein assets become available in various countries before coming to the United States! In fact, there are also chances that under specific jurisdictions, Coinbase lists tokens!

Make a Note
While for BAT, there were days that it fell 70% from being at its peak somewhere on the 24 July and 12 September respectively however, it rose by 30% post an announcement by Coinbase. As per reports, Coinbase okayed for BAT Tokens deposits in its listings (on 8 November). It was therefore about time for BAT to see a change, but when trading was enabled, their tokens went down by 35% approximately while it was at its peak on Thursday.

It is yet to see what would happen next but remember that anything can change at any given moment of time. As per few people, it is best to look out for the term ‘exploring’ on Coinbase before making a final decision!
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Binance in its latest announcements has renamed Tether Market (the USDT) to be USDⓈ or a Stablecoin Market. According to this report, the Cryptocurrency Exchange giant aims to back trading pairs in the category of ‘stablecoins’.


Earlier Binance had also reported that there shall be a listing of Blockchain company which goes by the stablecoin USD Coin or the USDC (from Circle) besides supporting PAX and TrueUSD or TUSD from Paxos.

What is USDⓈ? How is it Different from the Earlier Version of Tether?

One of the most important aspects that one has to keep a note of is the fact that USDⓈ is not going to be another of a stablecoins, hence, there is no headache there; instead, it is a new symbol for stablecoin market from the house of one of the major crypto exchanges: Binance.


We would get to know more about what shall be added to this Stablecoin Market in the upcoming days. So, we will have to wait for some more time to have an idea as to what shall be the pairings in the all new stablecoin market being declared by Binance.

As some of you may be aware of this information: Tether (USDT) is now rechristened as the Combined Stabelcoin Market aka USDⓈ, a move that was taken after a carefully thought out process.

Launch of USDC Tokens

Coinbase, a U. S. Cryptocurrency Exchange, along with Circle had come together for launching USDC Token in the month of October.

In Asiff Hirji, President and COO of Coinbase words, “Stablecoins are in 1:1 ratio (backed) with the U. S. Dollar. They have been audited completely beside being transparent.”


Many out there think that changing the name of Tether came as a little unexpected news because it was a different kind of thought process that major Cryptocurrency Exchange has picked up on. While the only aim for sudden change in events lead us to a platform which supports trading pairs with that of various stable coins.

With Binance taking a new step towards the Stablecoin Market, there shall without any doubt be developments in this market. Some of the experts from this field also believe that with such a move, Binance is making a formal announcement: Binance will be a go to option for trading cryptocurrencies!

Official Announcements for Addition of Stable Coins on Binance Platform

Yes, you read it correctly, with numerous trading options in place, Binance is going to turn itself in to a platform where services range from not one but to a varied group.

Now it is to see what will this move result in because, in the past six months, Binance has gone on to an addition spree of adding stable coins while accumulating one by one the following: Tether (USDT), TrueUSD (TUSD) became a part of the list on 16 May, Paxos Standard Token (PAX); added to the list on 21 September apart from USD Coin or USDC, the latest one in the list took its position on the 15 November 2018.