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Coinbase listing opens EOS to millions of retail investors
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Coinbase added EOS to its retail platform and mobile apps. The move will provide market access to the cryptocurrency for millions of retail investors.
EOS represents the largest altcoin added to the Coinbase retail platform since XRP was added this February. The cryptocurrency will be available to users in most jurisdictions, except for the United Kingdom and the state of New York due to tighter regulations.
Coinbase.com had 27.9 million visitors in April with an estimated 25 million users as of Q1 of 2019.
Coinbase has continued to aggressively list new crypto assets. Once considered the “conservative” crypto exchange stemming from the measured pace at which it added new coins, likely to adhere to more restrictive U.S. regulations. Starting late last year the exchange changed its strategy to list a greater number of coins.
The change in strategy is possibly a response to Coinbase’s weakening market position. In terms of percentage of total volume, U.S. exchanges including Coinbase are losing market share to the now dominant Binance.
Since September of 2019 Coinbase has listed 15 different crypto assets.
