Coinbase taking on Ampleforth?

By rah | rah | 4 Jan 2021


I remember back in the summer I built up a whole load of Loopring which I was holding on to with nowhere to put it and then suddenly out of the blue Coinbase added it and I was able to move all of my Loopring from Publish0x

In November Publish0x moved away from using Loopring as a tipping currency and replaced it with Ampleforth. And now I have that all to familiar deja-vu feeling in that I am holding quite a lot of Ampleforth and have nowhere to put it.  I know there are places available I just don't want  to keep opening new accounts. Early on I threw my lot in with Coinbase for right or wrong and more recently I opened a Celisus Account for staking so my ideal scenario would be that one of these two would take on Ampleforth and thus I am scanning the internet to see if it is likely

So just now I was scanning and came across and interesting article on Coinbase's own blog.

Written back in July 2020 they state that subject to their standards they are looking to expand their list of tradable assets up to 90% of all that are available on the market. Interesting since that date (which coincides roughly with when they took Loopring on) they have added many assets to their tradable list and aside from XRP which is mired in legal difficulties they haven't dumped or threatened to dump any.

Most interestingly in their own words they said (and i quote):

These new assets include, in alphabetical order: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, THETA, UMA, and WBTC

And from this list they have taken on five since then and are adding more all the time. You will note that Ampleforth is right there, so I wouldn't be surprised if especially with a lot of it being available now through Publish0x if they take it on.

Why is Coinbase or Celsius and attractive proposition?

It really is very simple. The good people at Publish0x cover gas fees for us when moving currency, and if you remember that is why a few months ago they switched to monthly payments but with many wallets such as Atomic once they have received your currency they take a massive amount to move it on. Remember the story of the guy who lost most of his assets in gas fees. Incidentally I had a similar proposed price when trying to move Ethereum to DAI internally on Celsius but I realised in time.

ample

The thing is that aside from what I just said about internal conversions on Celsius, fees are not that bad and you can always keep them on the exchange and just trade them internally. This is what I was doing with Loopring. On the other hand all of my BATs are just sitting on Celsius staking away, if there is a surge in their prices I might move them on but in the mean time they are just sitting and growing.

So in my view it is a realistic proposition that Coinbase will take on Ampleforth, and if not I certainly hope Celsius do!

Have a great day and stay safe!

How do you rate this article?

29


rah
rah

I love reading and technology as well as history. I teach English and Business to professional clients as well as soft skills with a focus on communications. I am a big fan of both Sheffield Wednesday and Lincoln City Football clubs


rah
rah

Experienced Business Owner and Coach and Tutor who now trades in Crypto. It is proving to be an interesting journey with so much technical language involved. Follow me as I learn the trade (and how to trade). Made some howling mistakes to begin with, but still learning and will share what I learn as I learn it for the benefit of the community. - RAH

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.