News from Coinbase

kingscrown (81) in ethereum • 6 years ago

They will add ERC20 tokens from Ethereum.

Coinbases logo was on new episode of Sillicon Valley Tv Show.

This is first ep of new series and we expect this season to be about cryptos actaully.

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6 years ago by kingscrown (81)

$117.37

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kirkins (66) · 6 years ago

Interesting, what tokens do you think will do well from this? EOS and BAT are two tokens I'm most familiar with.

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3 votes

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kingscrown (81) · 6 years ago

BAT looks almost sure :)

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1 vote

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crypto2crypto (63) · 6 years ago

The token I know will be on there for sure will. E ZRX.

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1 vote

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grizgal (55) · 6 years ago

EOS won’t be an ERC20 token post June.

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1 vote

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crits (45) · 6 years ago (edited)

BAT is one to list for sure.

Here is my take on it.
https://steemit.com/ethereum/@crits/coinbase-erc20-tokens-compared

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cryptoeater (69) · 6 years ago

Glad to see Coinbase making it easier for investors to buy more coins! However, there is likely still quite a long time before all of this comes into fruition.

I think COSS and Coinbase will become very similar soon with COSS adding fiat and Coinbase adding ERC20 coins.

It's exciting that most of our crypto journey is just beginning as new "stuff" is constantly happening in the crypto-sphere!

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3 votes

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reidlist (56) · 6 years ago (edited)

Yeah, with the Silicon Valley show it's crazy to think if the season is about crypto that the way they portray it will probably be pretty important. I don't think the audience of that show is going to be particularly ignorant on the topic, but media has a pretty strong influence on people's perception. Even when it's fictional.

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1 vote

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lettherebewrite (37) · 6 years ago (edited)

I agree completely. Too often however, people use the whole sheep analogy, the flock goes where it goes. I think there's something to be said about mere exposure. I have pennies invested compared to most. But when I talk to most of my friends or the occasional acquaintance, there is a pretty staunch negative stigma about crypto. I'm in the US by the way. But the moment I explain to them that all money is essentially fake...requires trust from a group of individuals in order to become currency, their tone changes. I think if a few public faces, Hollywood types, athletes, not named Steven Segal, started saying something here and there, it would be positive.

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alakazam (41) · 6 years ago

FYI: ERC20 tokens will float on GDAX first. If it passes their new asset framework and liquidity test, then it will go on Coinbase. Pretty sure they are going with ERC20 to standardize things. Plus, there's a recovery function within ERC20. They are probably sick of their support staff getting clogged up with people complaining that they sent tokens to wrong addresses. Think they need to worry about Binance not COSS. A lot of people don't know that Binance is heavily backed Sequoia Capital ($300+ million).

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wilkas (40) · 6 years ago

Can you elaborate more about Binance?

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1 vote

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alakazam (41) · 6 years ago

What do you want to know? They are backed by the worlds greatest VC. They have the most talented technical team in the space. They make a ton of money. They provide great support. Once they delist a bunch of tokens which they are doing, they may come to America and crush coinbase. If they want to raise more VC funding all they need to do is snap their fingers. I’m sure they have a list who are begging to get in on their next institutional round.

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1 vote

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furn01 (55) · 6 years ago

To little to late in my opinion.

With Ethos wallet due to be released very soon, I think coin base will lose a lot of customers.

Also with the news from Binnance I think they are trying to grab some headlines back.

Interesting to see how it all plays out with coinbase but I dont see it happening for a while.

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7 votes

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grizgal (55) · 6 years ago

Adding ERC20 support complicates things as the US seems these to be securities yet most are not offered like this. It may force coinbase down the route of more regulation etc!

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2 votes

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bluewinter (57) · 6 years ago

Thanks for sharing this news!

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1 vote

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alakazam (41) · 6 years ago (edited)

This is a workaround. It does not mean any other cryptos are coming to Coinbase anytime soon. They don't want to deal with adding crypto assets to their platform and then being ordered to remove them if regulators deem certain tokens to be securities. Once clear-cut rules are defined and established as to what is considered a 'security' and what is not... then CB will start adding actual tokens to the platform for trading. CB is not a licensed broker yet. They are probably working on this now so they can trade securities.

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2 votes

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josteem (58) · 6 years ago

Great point of view. I think if they gonna choose ERC20 it might be EOS ... and if they will surprise us they will add a Not erc20 like IOTA. The hidden part of Iceberg of those people is not straight to or easy to expect.

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1 vote

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alakazam (41) · 6 years ago

If I were a gambling man, and I am...based on their 'new asset framework' I'd bet '0x' will be the first to hit GDAX. We all know the market has been blood red today and it's not a coincidence that 0x has been hitting massive vol and green numbers in a sea of red all day. This is what you call crypto insider trading.

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1 vote

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josteem (58) · 6 years ago

Hmm good point ✊

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1 vote

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alakazam (41) · 6 years ago

Been slinging crypto since before coinbase. If you watch coinbase and how they conduct business they do not have a right grip on their staff. I guess this is the nature of anonymous funding. While I do use them when I need to, I do not trust Coinbase whatsoever. I also don't think them adding new assets will cause certain coins to spike greatly because they will likely not pair ERC20 Tokens to USD. They will pair to ETH. So they aren't removing a major step. It's more like they are creating a sub-step. In short, a safe bet would be to stock up on some ETH because it's going to see a lot of trading, massive vol and a major increase in market cap once this goes down 9-12 months from now.

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vosive (25) · 6 years ago

Great!

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1 vote

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orgoniteog (63) · 6 years ago

This exciting news!!

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joshvel (60) · 6 years ago

Does this mean they support mainly on Ethereum? How I wish Binance would support Steem token , too.

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iamgun (46) · 6 years ago

great.

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rehan12 (73) · 6 years ago

Well it will be easier and will have option for investors as we speak !

Thanks buddy for the heads up :)

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jeffersonkind (32) · 6 years ago

Well, Coinbase has to compete with Binance with Binance blowing them out of the water when they get moved and their new platform running that they say is coming. If Binance follows through with their announcements, then Coinbase will be in trouble with their current business model....and rightfully so.

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cryptomario (47) · 6 years ago (edited)

Very interesting.

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chin0327 (29) · 6 years ago

It's really a good news for all crypto investors. We'll not be using anymore myetherwallet or etherdelta etc. , It's more convenient using coinbase than any other wallet out there.

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grizgal (55) · 6 years ago

You still don’t want to hold your coins on the exchange. Myetherwallet allows hardware wallet integration so you actually own your coins unlike leaving on exchanges.

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1 vote

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adviser (58) · 6 years ago

omg really. if any coin add coinbase . it is easy to guess the coin may be well. great news share dear. thanks a lot.

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akdx (66) · 6 years ago

Prices of Cryptocurrency are dipping. Is it a good time to buy them or should i wait?

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steviecrypto (40) · 6 years ago

I don't know much, but the way I look at it is this: at this point in the market, if you have some fiat that you don't mind totally ignoring for a bunch of time...buy the dip! The numbers we are seeing are pretty low and I'm personally not sure exactly how much lower this dip will go. On the other hand, I feel that if we look at the trends in the charts over the past couple of years we will see some nice growth and gains into the summer and especially towards the end of the year. -Respect

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akdx (66) · 6 years ago

Thank you very much.

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tweaksgroup (27) · 6 years ago

This rebound will benefit the coins that have real use, I do not think these crap coins will rebound. Bitcoin, Ethereum, and Ripple are making the most progress to integrating to the "real world". Litecoin just fumbled their integration with Litepay. I personally love Ripple, even though they are the "evil empire" of crypto's. They have a very low price and are going to be the staple for banks and consumers to transfer money. SWIFT is going to fade away like AOL did in the internet space.

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dizzyjay (56) · 6 years ago

Its about time! Holy balls this is huge. This is going to be an explosion on coins unlike anything we’ve ever seen. Stock up guys. We’re at the bottom of everest! Ty so much for this info @kingscrown ! The wait is over im so excited omfg. W00t!!

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blkcrypto (25) · 6 years ago

With Coinbase, there's no telling which ecr20 tokens they will launch first. I have a feeling we will see multiple coins launched at the same time around, rather than the usual 1.

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bitgeek (62) · 6 years ago

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joycegribble (25) · 6 years ago

ERC20 is an effective technology for etherum, i hope, it brings more stability to eherum and stop the free fall.

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ivandan21289 (25) · 6 years ago

Did Coinbase announce to list Ripple ( XRP ) in Q1 2018 ?

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clearbluecrypto (62) · 6 years ago

Im not a fan of coinbase their fees are too high.

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tweaksgroup (27) · 6 years ago

Coinbase and Bitcoin charged high fees to process transactions. Bitcoin has started bringing those fees down, Coinbase will have to follow of they will lose serious market position to the likes of Binance and Bittrex!

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1 vote

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therealwolf (75) · 6 years ago

That's huuuge!

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rubeldas (43) · 6 years ago

good job bro keep it up thanks for sheraing

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steviecrypto (40) · 6 years ago

Anything new that is added to Coinbase has a huge potential for growth. I mean, look at the 'big 4' that are on there already, and how they have grown in value and volume. I know the market looks very interesting right now, but I feel that if Coinbase adds anything to it's site/wallet, there will be a major jump in prices of many of the existing tokens. Right before the 'crash' a few months back, and when they added BitcoinCash to Coinbase, there was a huge surge.

Regardless, I believe that in the long run we will be surrounded by a bunch of cryptos that are actually accepted and adopted by the greater populace. Nice post! -Respect

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tweaksgroup (27) · 6 years ago

I think Binance adding fiat-to-alt coin purchases is a bigger deal than this. You can now buy 100's of alt coins the same way you can by a handful of coins on Coinbase. Binance also charges far less fees than Coinbase.

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riyazhuzzaki (30) · 6 years ago

Interesting news.....

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wakeupworldnews (58) · 6 years ago

I have always wondered about all those airdrops to people's ETH tied up in coinbase...i wonder if they will pass them on to eth holders?

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bitcoinquest (42) · 6 years ago

Coinbase will give a big boost to whoever is listed. I still remember Ripple XRP went "to the moon" as rumors surfaced that a listing was imminent. Coinbase waited a while and then smashed this dream by a clear comment on its policies.

ERC20 will be different. A grain of salt remains since SEC might still ruin the party by requesting delisting of security tokens. This action reduces the number of possible tokens significantly for US markets.

It will be interesting if EOS or TRX are possible candidates. Though they are moving away from ERC20, I am not sure how far this will be. It might be close enough to stay. Volumes of Tron are apparently high enough to justify a listing.