Coinbase to increase transparency on potential 2022 listings
The exchange issued the names of 50 projects that could possibly be listed in the second quarter of 2022 as a way of adding information symmetry to crypto markets. America’s largest crypto exchange, Coinbase, announced a long list of tokens it could potentially list in the second quarter of 2022 in an effort to increase transparency.An April 12 blog post from the exchange includes a list of tokens under consideration, but notes that other tokens may be under consideration but not specifically mentioned. Among those on their radar are 45 ERC-20 tokens on the Ethereum (ETH) network, and five....
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In the five days after launching on Coinbase, new token listings gain 91% on average. But that doesn’t tell the whole story. Crypto analytics provider Messari has compiled a report concluding that the fabled “Coinbase effect” — the popular belief that new token listings on Coinbase tend to outperform launches on other exchanges — is true.But the effect is far from consistent, and after controlling for outliers, it’s not as great as many assume.Messari analyzed the performance of 28 new Coinbase listings over five days against 22 Binance listings, 19 FTX listings, 19 Gemini listings, 14....
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, believes that the U.S. Securities and Exchange Commission (SEC) neither has the resources nor the IQ points needed to correctly investigate crypto listings on Coinbase. Michael Burry on SEC Investigating Crypto Listings on Coinbase Famous investor and founder of investment firm Scion Asset Management, Michael Burry, briefly commented on the U.S. Securities and Exchange Commission (SEC) investigating crypto exchange Coinbase Tuesday. He is best known for being the first investor to foresee and profit from the....
The study found abnormal levels of return in a sample of tokens just before their listing announcement on Coinbase. According to a recent study conducted by the University of Technology Sydney, researchers estimated that insider trading occurs in 10% to 25% of cryptocurrency listings.In deriving the conclusion, researchers first sampled 146 token listing announcements on cryptocurrency exchange Coinbase between September 25, 2018, and May 1, 2022. Afterward, researchers examined the price movements of the sampled tokens in the time interval of 300 hours before Coinbase listing....
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OpenBazaar, a decentralized, unregulated and open-source marketplace that uses bitcoin, continues to evolve, having recently released a new set of features for vendors. The newest upgrade, according its blog, includes “pinned listings,” hidden listings, and maximum quantity on listings that prevents buyers from purchasing more than the number of items specified in one order. Changes also include addresses, images, shipping and more. ‘Pinned’ Listings For Vendors. Vendors on the platform can now choose certain listings to highlight in their stores. In creating a listing, they can select....