The competition between crypto exchanges has always been cut-throat. Despite having been red-flagged by NY AG just a couple days ago, Coinbase shows no sign of slowing down. Today, the company announced that they will streamline the token listing process, making it easier for new projects to access Coinbase’s broad customer base. Coinbase has been one of the fastest growing startups in Silicon Valley, but its growth has been utterly eclipsed by the aggressive expansion of Binance. The Malta-based exchange has no fixed office, and lists projects for a handsome fee. With over 300 trading pairs, Binance has been an enormous success by any measure, despite its reputation for fast-and-loose internal policies. Can the US-based Coinbase compete with this off-shore shape-shifter?
“The new process begins with a form for issuers to submit assets for listing at Coinbase, which we will evaluate against our digital asset framework. The application form and the digital asset framework will be regularly updated, and our form will indicate the latest version of the framework we are evaluating against.”
“In theory, more listings could also translate into more trading revenues. But Srinivasan told The Block that the exchange operator has not ironed out the details on listing fees.”
“Braiins OS is the very first fully open-source, Linux based system for cryptocurrency embedded devices. This initial release is targeted on mining devices, however since we used OpenWrt as a base, its features can be extended in many directions.”
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“One of the co-founders of crypto startup Ripple holds billions of dollars worth of the company’s digital token, but his continuing sales of the token have dramatically risen over the past few weeks.”
“The logical next step for the New York Attorney General is to request the data: a complete list of all trades conducted on those exchanges. With this data, they can analyze the behavior of the investors and the management of exchange and determine the legality of the operation.”
“Circulating supply is more than a mere input into a vanity metric like ‘market cap’, it’s the denominator you need to understand crypto’s hidden inflation. As new supply gets added to the mix, you can’t measure inflation/dilution if you don’t know what supply is already liquid. Moreover, you can’t monitor when an insider is ‘dumping’ on the market unless you know which liquid balances move and they make the attestation.”
Originally published on Iterative Capital News. Sign up for our newsletter here.