Is Coinbase trying to become the new Binance?

Leo Zhang

By Leo Zhang

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?

Coinbase's new asset listing process
(Coinbase)

"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."

Coinbase has revamped its listing policy, and it may mean new coins are coming to certain regions
(The Block, by Frank Chaparro)

"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."

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