Coinbase plans to list all legal currencies! CEO clarifies: not an endorsement

Coinbase CEO Brian Armstrong stated that Coinbase will list all cryptocurrencies under regulatory compliance, and the exchange does not want any coin to receive special treatment.

Coinbase CEO Brian Armstrong stated that Coinbase will list all cryptocurrencies under legal permission, and the exchange does not want any coin to receive special treatment.

Since its listing in April, Coinbase's stock price has been declining after an initial high. After Brian Armstrong's tweet, the long-sluggish stock price saw a significant rise last night, surging by 22.150 points, a 9.86% increase, closing at $246.690.

In his tweet, he mentioned that Coinbase might introduce a rating system where users can rate various cryptocurrencies. However, he also emphasized that apart from meeting basic security and legal requirements, "we won't be making value judgments about each asset. We are asset agnostic because we believe in the free market and that consumers should have choice in the crypto economy."

1/ Reminder about how Coinbase lists assets: our goal is to list *every* asset where it is legal to do so.

— Brian Armstrong – barmstrong.eth (@brian_armstrong) June 28, 2021

Currently, Coinbase lists 63 cryptocurrencies, including well-known ones like Bitcoin, Ethereum, as well as stablecoins like Tether USDT, Cardano ADA, NKN NKN, among others. In January of this year, Coinbase mentioned considering the addition of 44 cryptocurrencies and has since listed Ankr ANKR, Curve CRV, Skale SKL, BarnBridge BOND, Livepeer LPT, Quant QNT, and others.

Looking back at 2017, Coinbase only offered 4 cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The listing of a cryptocurrency on Coinbase holds significant significance in the crypto community. Typically, when a coin is announced to be added to Coinbase, its price experiences a surge, known as "The Coinbase Effect."

Coinbase aims to include all legal cryptocurrencies and stresses that users should not consider any asset listed on Coinbase as an endorsement. Everyone should exercise their own judgment.

This article is authorized and translated from Horizon News Network