Coinbase is known as one of the leading and most popular cryptocurrency exchanges in the world. Just last Wednesday on the Nasdaq exchange, the company went public selling its shares for the first time.

Although the stock price of Coinbase flew up past its $250 reference price to a high of $429, it still made its way down to close at $328.28, making the firm’s valuation $85.8 billion.

The surge of cryptocurrency value fueled the sentiment over Coinbase's stock for the day, with Bitcoin leading the way, exceeding $63,000 on Tuesday and reaching a record high.

There's also the effect of "Coinbase," whereby a crypto coin surges in value days after it's listed on the exchange. Coinbase helps establish the legitimacy of Bitcoin and the cryptocurrencies industry by going public.

In this article, we are going to explore the 50 tokens that Coinbase is going to list. But before then, let’s first have a look at what Coinbase is about.
What is Coinbase?

Coinbase was established in 2012 by a former Airbnb engineer, Brian Armstrong, and a former trader at Goldman Sachs, known as Fred Ehrsman. The company is a well-known cryptocurrency exchange with an interface that is friendly to beginners.
Investors can learn about various kinds of crypto with the help of the collection of tools provided by the company.
Coinbase has more than 53 million users that trade more than 50 cryptocurrencies including Bitcoin and Ethereum.
There is also a digital wallet for Coinbase customers to store crypto assets including NFTs and a provision of a credit card made for those who want to make purchases with crypto.

Coinbase Tokens

There are 170 tradable tokens on Coinbase as of today, which is a comparatively small number compared to other major exchanges. Nevertheless, the decrease in quantity has not led to an increase in quality. This occurs because Coinbase's list excludes a lot of the top 50 tokens by market cap, such as LUNA, XRP, BNB, NEAR, XMR, FTT, etc., while there are many outside the top 500 by market cap, such as SUKU, SHPING, GODS, PLU, GYEN, and more.

Coinbase, according to the latest roadmap, will list a large number of tokens in the second quarter of this year, of which 50 are undoubtedly listed. The scale of the new token listing is outsized, but the quality is usually poor. This article takes a look at these new tokens.

Read more on COINS GAZETTE: https://coins-gazette.com/post-detail/50-tokens-that-coinbase-is-going-to-list-what-are-they

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