CRYPTO EXCHANGE LISTING

Exploring & Comparing the ‘Coinbase effect’

Measuring the effect of digital token listings on one of the largest & most well-known crypto exchanges

This well-known phenomenon in the Cryptoverse explores and measures the positive effects on digital asset prices when new listings are announced. For all the people who are not too familiar with the crypto space, let’s start off from scratch. Coinbase is the largest cryptocurrency exchange in the U.S and is considered by many as the largest retail onramp to crypto. And the boom of the past 12 months has lifted its fortunes even further. So much so that the crypto exchange plans to go public on April 14, with the ticker ‘COIN’.

The premise behind the ‘Coinbase effect’ goes something like this — When a cryptocurrency is listed on a popular exchange it immediately gains exposure to a new set of market participants & gains in value. The effect has been thoroughly investigated before, using Coinbase as the main exchange. However, this research from Messari extends the work done previously to include five more crypto exchanges to see how the kind of effect produced by similar listing on other platforms.

Data for the listing information was gathered using Messari’s intelligence database from…