RE: Does Coinbase Pick Winners?

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Does Coinbase Pick Winners?

in ethereum •  7 years ago 

Make sense for them to add more currencies on a business standpoint, but their site already overloaded with current traffic. I dont think they are ready yet

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It's funny because just before I got back on here (talking about steemit) I got a mobile notification from Coinbase saying the server is down. I agree with you I don't think they can handle anymore altcoins. I would like to see another company to give Coinbase some friendly rivalry. Maybe that will keep fees at a low cost.

gemini doing good under heavy traffic atm. maybe they can go for it. But altcoin also involve lots market manipulation. i think one of reason coinbase or gemini doesnt add altcoin on their site is that they wanna to become "Legit" exchange. Thats why they really wanna to get more operating license and ETF stuff in the US.

That makes so much sense. I hear a lot of people make claims that eventually Coinbase will share info with the IRS. That would explain them wanting ETFs and to be more legit.

ye, no matter how bitcoin is. coinbase is a us company and have to follow the local law. might as well be the first in the industry to be legalized and recognized. Get the most customers and profit

What exchange server would you recommend for getting into other altcoins?
In thinking about getting my feet wet with other crypto.

for everyday trading use poloniex and bittrex
for holding and no registering, shapeshifter

it also depends where u come from, there are more local exchange