What A Coinbase Listing Could Do To ERC20 Tokens Like TRON (TRX), ICON (ICX) – EOS (EOS) – Useacoin
Will every ERC20 token be listed on Coinbase or just a few?
Coinbase recently announced that ERC20 tokens will be added to the exchange ter the future. This potentially means that any token based on the Ethereum blockchain could be traded on Coinbase. Wij do however not yet know if only a few ERC20 tokens will be added or if accomplish ERC20 compatibility is to come. If total compatibility is being integrated, literally thousands of tokens will be tradeable on the Coinbase/GDAX exchange.
Te the past, Coinbase has bot hesitant about adding fresh cryptocurrencies to their toneelpodium which could indicate that they might not want to have thousands of tokens listed. But on the other mitt, Coinbase has bot getting some competition from other major cryptocurrency exchanges like Binance, which lists a ton of coins.
When Coinbase listed Bitcoin Specie, it spotted an enormous surge ter value spil a ton of fresh investors all of a sudden could get their mitts on the cryptocurrency. The same could toebijten to popular ERC20 tokens like TRON (TRX), ICON (ICX), VeChain (VEN) & EOS (EOS). At the uur, you have to buy them on crypto only exchanges, which is difficult for many investors who toevluchthaven’t bot involved te cryptocurrencies for a long time.
Being listed on Coinbase would permit a ton of people to eventually get their mitts on tokens they previously couldn’t because they simply didn’t know how to. But on Coinbase it’s spil elementary spil clicking a few buttons and using your handelsbank account or card.
The majority of all ICOs kwestie their tokens spil an ERC20 token on the Ethereum toneelpodium, so having an effortless way for outsiders to get involved ter titillating projects is also an excellent chance for Coinbase spil the request certainly is there.
Some communities like TRON, ICON, and EOS, already have a ton of dedicated followers/ventilatoren, which always attracts outside investors. Because of this, a listing on Coinbase could indeed have a significant influence on the future price of thesis tokens.