4 Projects That Could be Next on Coinbase
Below I describe 4 projects I think are strong contenders for listing on Coinbase. Coinbase has also mentioned all of these projects as being under consideration.
Ripple has the third-largest market cap after Bitcoin and Ethereum. Many consider it a safe investment because it never held an ICO and is therefore safe from being declared a security. Ripple offers a financial settlement service for banks that allows them to transact directly and instantly across national borders. It has already partnered with large financial institutions around the world. However, XRP is pre-mined and Ripple is not a decentralized network.
Unlike the other coins on this list, Coinbase hasn’t explicitly stated it is exploring XRP. But it did recently announce it will offer XRP custodial servicesand unveiled a new listing process. Both have caused speculation that XRP could be listed soon. For these reasons, XRP is a strong contender for a Coinbase listing.
Also in contention for listing on Coinbase is Cardano, which has been a top 10 altcoin for a while. Cardano is a smart contract platform, much like Ethereum. What makes Cardano different is it balances the needs of users with the demands of regulators. It doesn’t try to sidestep banks and governments but to work with them. Many think the regulation of cryptocurrency is inevitable so the fact Cardona is working with this in mind is a significant strength in the minds of many.
Stellar provides fast and inexpensive cross-border payment services. Unlike Ripple, however, Stellar is geared to individual users. The Stellar blockchain offers 5-second transaction speeds and nominal fees (e.g. the Tempo remittances dApp running on the Stellar blockchain can process 600,000 transactions for 0.01 USD). Stellar is also much more energy efficient than other blockchains, including Bitcoin and Ethereum. Stellar also recently announced several partnerships with large tech companies, including IBM. These are all reasons why Stellar is a good contender for listing on Coinbase.
EOS is a platform for the development of decentralized dApps, also like Ethereum. Yet, it addresses some shortcomings of the Ethereum Network. First, it makes dApp development easier. EOS provides services to developers, including database and account management services, which do not require programming knowledge. EOS has other technical strong points. For instance, it is faster, less expensive, and more scalable than Ethereum. EOS also has an enthusiastic community. Part of the reason for this is the coin is not mined. Instead, block producers are voted in by the community. EOS raised an impressive $4 billion in its ICO and has received the endorsement of the Chinese government. These are all reasons why it could be listed on Coinbase soon.
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