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Useful Vids
Injective Protocol Review https://www.youtube.com/watch?v=jEU0rW2YELg
BarnBridge Review https://www.youtube.com/watch?v=Hb8ZdkDvhNk
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- TIMESTAMPS -
0:00 Intro
2:08 What is it?
4:53 Is it Real?
8:28 Coinbase Ventures
9:51 Coinbase Custody
12:02 ERC20 Listing Requirements
14:57 Asset Hub
16:35 Coinbase Announcements
18:32 Conclusion
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️ Helpful Links & Sources ️
► Coinbase Ventures: https://ventures.coinbase.com/
► Coinbase Custody: https://custody.coinbase.com/
► ERC20 Listing Requirements: https://blog.coinbase.com/securing-an-erc-20-token-for-launch-on-coinbas...
► Asset Hub: https://assethub.coinbase.com/
► Asset Hub Announcement: https://blog.coinbase.com/introducing-coinbase-asset-hub-our-open-invita...
► Asset Hub Update: https://blog.coinbase.com/a-guide-to-listings-assets-on-coinbase-2556fee...
► Coinbase Effect Study: https://www.fxstreet.com/cryptocurrencies/news/here-is-how-the-so-called...
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What is The Coinbase Effect?
Once a coin or token is listed, trading is being opened up to a whole universe of new traders. These traders are not always the most discerning when it comes to their investment decisions
The liquidity Coinbase brings is advantageous for a coin or token. Liquidity allows for easier trading of the token and hence more opportunities for its growth
There is also publicity that these listings bring with them. As the most well known exchange, it immediately adds some sort of validation.
Research on Impact
Research by the Tie shows that the Coinbase effect is alive and well. They analyse the impact on the price of a number of different coins post announcement and listing.
From the time that the coin was announced as well as on the listing date, there was a rally in the price. This was also the case for those coins that went straight to listing.
There was also a massive uptick in the tweet and social volume post these announcements. This is further proof that the publicity that comes with these.
Coinbase Ventures
Coinbase has a venture capital arm. This invests in a number of different projects and some of these have their own tokens. If they have their own token then it is more than likely that Coinbase would support
There have been a number of examples of projects that Coinbase has invested in that have listed on the main exchange
There are also others that have received funding from them but have yet to list. These include the likes of Reserve Rights
Coinbase Custody
This is Coinbase's custody solution for people who would like to securely store their cryptocurrency. This is usually used by those individuals, individuals and companies with large crypto holdings
It is a lot easier for Coinbase to list these tokens because all that is really needed on top of this is to integrate the wallet architecture with the exchange engine.
Therefore, if a project is listed on Coinbase Custody it has a strong chance of being listed on the main exchange. There are projects here including BarnBridge and Injective Protocol
ERC20 Listing Requirements
Coinbase has got criteria that they have laid out to determine which ERC20 tokens are likely to get listed
They want to see the following:
- Verified Source Code
- Limited Super User Control
- Code is simple & modular
- Smart Contracts are audited
- Strong documentation
- Recent solidity version
- Tested
You could also use these criteria in order to determine the potential of a project you are considering if it has ERC20
Asset Hub
This was Coinbase's central platform where projects could list information about their tokens. It was launched earlier this year and Coinbase has detailed the exact requirements in order to get your asset listed here
They want to make sure that the project is not just to enrich the founders / investors and will see Coinbase users also benefit from growth. They also want to make sure that there is a degree of decentralisation
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Disclaimer
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.
#Coinbase #crypto #trading #bitcoin #ethereum
