Coinbase, one of the biggest crypto exchanges out there, has its own way of doing things in the crypto world. Just a small announcement on their official Twitter account about listing 5 coins on their exchange has caused their value to spike. If that wasn’t enough, all of Twitter has gone crazy over the news.
The exchange, headquartered in San Francisco, California, announced on Friday that it is exploring the chances of adding Cardano (ADA), Basic Attention Token (BAT), ZCash (ZEC), Stellar (XLM) and 0x (ZRX) to its exchange. Astonishingly, every single coin on the list saw significant price hikes, despite the fact that Coinbase specifically said “cannot guarantee they will be listed for trading”.
Today we are announcing that we’re exploring the addition of the following assets to Coinbase: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). https://t.co/qoECyR0V1f
— Coinbase (@coinbase) July 13, 2018
The announcement also included “We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.
The individual coin price hikes are as follows.
Basic attention token [BAT]
Here is how Twitter reacted to the announcement.
Meanwhile at Coinbase… selecting the next tokens they will support. pic.twitter.com/NHrLEtJGSt
— Ran NeuNer (@cryptomanran) July 13, 2018
Coinbase: “We’d like to announce that we are considering adding every token in existence…..
Except for you $XRP, no soup for you.”
— Crypto Bobby (@crypto_bobby) July 13, 2018
Are people genuinely crying that XRP isn’t on Coinbase’s tweet? Stop dictating XRP’s future on a Coinbase listing as if it has nothing else going for its future, it’s embarassing to see people behaving like this.
What Ripple has in store doesn’t need a glimpse of Coinbase.
— Cryptonary (@Cryptonary_) July 13, 2018
✍️ TOTALLY unprofessional for Coinbase to tweet a list like that and say they aren’t sure what will get listed. THEN WHY THE FUCK WOULD YOU SAY SOMETHING IN THE FIRST PLACE??!! Totally unfair to all of the cryptos listed. Honesty, I am glad #tron wasn’t mentioned. $trx #trx
— T. @WLFOFMYST (@WLFOFMYST) July 13, 2018
— CNBC’s Fast Money (@CNBCFastMoney) July 13, 2018
Image via Shutterstock
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