Coinbase announced on their blog today that they would be adding support for several new coins.
Unfortunately for us, steem was not one of those coins.
Coinbase was quick to point out that the coins they listed were the ones they were just LOOKING at adding, and didn't necessarily mean those coins would be added for sure.
The coins would be subject to further review before they could be sure that they would be suitable for the platform.
Never the less, every single one of the coins mentioned skyrocketed on the news.
Well, "skyrocketed" in today's markets.
Up 20% would have been a slow Saturday in 2017.
This year, it's hard to go up a couple percent, let alone double digits.
Coinbase thinking about adding 5 coins.
Check out the price action on the 5 coins when the news broke:
Cardano - Up 14%
BAT - Up 28%
Zcash - Up 27%
Stellar - Up 12%
Zrx - Up 34%
(Source: https://www.coindesk.com/5-crypto-assets-are-soaring-on-possible-coinbase-listings/)
Much better this time around...
Overall, Coinbase did a great job of not leaking the news as most of these charts look like there was no insider trading before the news was released.
Coinbase said that was a goal of theirs, which is why they released the coins they would be looking at adding to the public at the same time they released that info to their employees.
Making sure they avoided another Bitcoin Cash debacle.
The Coinbase effect is alive and well. Perhaps they will consider steem at some point.
Especially since steem technically has a larger market cap than say, BAT.
Perhaps this community of roughly 1 million registered accounts should start contacting coinbase and requesting they add steem to their portfolio...
What do you think?
Stay informed my friends.
