Technology

How to know which cryptocurrencies Coinbase adds

Coinbase is the world’s most popular cryptocurrency exchange. While it may not have the same number of tokens as its next major competitor, Binance, Coinbase is fully approved for US users. In contrast, Binance is not, which means most Americans cannot access its selection of over 300 altcoins. Although Coinbase is significantly smaller in its selection, the platform has recently done a lot to expand its selection of tokens. Investors tend to pay close attention to Coinbase’s social media for updates on this topic.

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A Coinbase listing is enough to send any cryptocurrency up in price. However, many crypto investors are missing out on the news, as well as these early gains, because they did not get the news in time to act on it. Here’s how you can find out what are the next cryptocurrencies added to Coinbase at any time.

different crypto-currencies

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Coinbase official announcements

The first way to stay on top of new Coinbase cryptocurrencies would be to follow its social media. Whether it’s the company’s official press releases or just its Twitter account, Coinbase does its best to let regular users know exactly when a new crypto will be listed. Since more people follow Twitter than they read press releases (and the Coinbase marketing team knows this), keeping tabs on Coinbase’s official Twitter is probably your best bet.

Aside from social media, you can also go directly to Coinbase’s website for answers. There is a dedicated section on their website called “Upcoming Assets,” which provides information on all of the cryptocurrencies currently listed. Additionally, you can also find out which tokens will be listed. These are the two most consistent ways to find out about new coins coming from Coinbase.

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Unofficial channels

Besides Coinbase’s official social media, there are other third-party sources you can turn to. On Twitter, you can find tons of different accounts following new coin lists on various exchanges. These third-party accounts basically aggregate all coin-related news from across the industry and condense it into one convenient place. For the most part, these accounts are quite reliable, although errors do occur.

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How many cryptocurrencies does Coinbase have?

While the number is steadily increasing, Coinbase currently has over 50 different cryptos available for trading. It’s not the biggest selection, but Coinbase takes a more ‘quality over quantity’ approach when it comes to the tokens it chooses. If we were talking about stock indices, Coinbase would be like the S&P 500. In contrast, Binance would be more like the over-the-counter (OTC), with many more assets available for trading at any given time.

coinbase logo

Coinbase

Besides official announcements, people often speculate on what the next new crypto Coinbase will add to its platform will be. We have already seen that Coinbase steadily increases its selection and generally favors serious tokens with large market caps. Anything in the top 50 altcoins by size is likely strong candidates for future cryptos on Coinbase. They must also have a sufficiently large customer base among crypto traders, as Coinbase wants to make sure that any token listed receives a lot of traffic on its platform (also a fee). Coinbase has already selected smaller tokens that have dedicated fan bases, so there are definitely a few factors that go into a Coinbase listing.


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