Coinbase may quell listing-day pumps by providing ‘information symmetry’ ๐จ This article is 3 years old...
Coinbase may quell listing-day pumps by providing ‘information symmetry’
Tokens such as Binance USD, Gemini USD, BitDAO, DappRadar, PolkaFoundry, and 45 others are currently "under consideration" for listing on Coinbase.
2 min read
Updated: Apr. 12, 2022 at 10:29 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Leading American crypto exchange Coinbase has revealed its plans to regularly reveal which digital assets are currently โunder considerationโ for listing on its platform ahead of time, according to a blog post published on April 12.
โStarting immediately and as part of an effort to increase transparency by providing as much information symmetry as possible, Coinbase will be using this blog post as a pilot to communicate assets under consideration for listing in Q2 2022.โ
While the company did not directly address this issue in its announcement, it is well known in the crypto industry that โlistings on Coinbaseโ often historically coincided with somewhat chaotic โpump and dumpโ price movements of certain coins. This is because new listings were usually announced on the very same day they went live, prompting sudden spikes in trading activity.
For example, the price of Shiba Inu surged on the heels of its Coinbase listingย on September 18, 2021, as its trading volume swiftly exceeded $2 billion.
In another instance, MakerDAOโs MKR token jumped by 40% under similar circumstances on May 30, 2020.
Coinbaseโs latest announcement, however, may very well tune down such massive โ and often near-instant โ price hikes since new listings will no longer be a total โsurpriseโ for crypto traders.
First batch of candidates
Adhering to the new rules, Coinbase has also revealed a list of 50 new coins that are currently โunder considerationโ for listings, including 45 Ethereum-based ERC-20 assets and 5 tokens from the Solana network.
Notably, Binance USD and Gemini USD stablecoins are among the assets that are considered for listing on Coinbase in Q2. The list also includes native assets associated with platforms such as BitDAO, DappRadar, PolkaFoundry, Strike, Bitspawn, Media Network, and many others.
At the same time, Coinbase pointed out that โthis is not an exhaustive list of all assets under considerationโ and โany asset not referenced in the list does not preclude any such asset from potential listing.โย
Additionally, some of the aforementioned coins may be listed with the so-called โexperimental label,โ indicating that they are โeither new to our platform or have relatively low trading volume compared to our broader crypto marketplace.โ
Mentioned in this article
Author 
Liam Frost
Liam Frost is a freelance journalist and editor with over 15 years of experience working for various media outlets across the world.
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Binance USD
$1.00102
BUSD is a stablecoin issued by Paxos in partnership with Binance..
Gemini Dollar
$0.99799
Gemini dollar (GUSD) combines the creditworthiness and price stability of the U.S.
Maker
$1,593.93
Maker is a decentralized autonomous organization on the Ethereum blockchain seeking to minimize the price volatility of its own stable token โ the Dai โ against the IMFโs international currency basket SDR.
SHIBA INU
$0.00002
Shiba Inu (SHIB) is a decentralized meme token thatย aims to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm.ย According to SHIBA INU, the reasoning behind the creation of SHIBA is that Shibas constantly forget where they bury their treasure.
DappRadar
DappRadar tracks over 2,750 dapps across multiple blockchains, including Ethereum, EOS, ONT, VeChain and TRON, with plans to expand to others and become the number one.
Strike
Strike allows users to send and receive money anywhere, instantly, with no fees.
