As of today, Coinbase (NASDAQ 🙂 has 139 tradable assets. The exchange added a whopping 83 assets to its trading list in 2021, nearly double the amount of assets it had accumulated in the eight years since its founding.
Is this rapid expansion a simple cash grab? Are any of these tokens and coins lesser known securities? Is this irresponsible or too ambitious? What does this rapid asset expansion by Coinbase mean?
A money theft? I feel like the answer to the first question is a resounding “No!” Coinbase is making a lot of money from trading fees, but expanding its token list is not about the money. Coinbase started with a small booth at a conference “just trying to do something that customers wanted,” launching T-shirts and a hosted () wallet. Now, Coinbase is the second largest cryptocurrency exchange in the world.
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