Every cryptocurrency that has a big project wants to reach the market and make progress, but that's not always what happens! What is involved then, does the exchange make a difference?

Coinbase

An article talked about a currency that, as soon as it was listed on Coinbase, started to achieve good results. The article entitled: "Listing on Coinbase makes cryptocurrency rise by an average of 90%, says Messari", Says: "The company's report points to the so-called 'Coinbase Effect' as a phenomenon that refers to the positive movements that the listing announcement of assets in the brokerage have on the price of a digital currency.

Messari researcher Roberto Talamas examined the effects that listings at six brokerages have on asset prices, trying to find out if all listings affect prices. In addition to Coinbase, the analyst monitored Binance, Gemini, Kraken, OKEx and FTX.

The study points out that a coin listed on Coinbase has an average increase of 91%. For each monitored broker, the analyst observed the distribution of cumulative returns five days after the token listing and found that listings on Coinbase have the highest average return.

“Coinbase listings have the highest average return, around 91%, but they also have the widest distribution, ranging from -32% to 645%. When a cryptocurrency is listed with a popular broker, it immediately gains exposure to a new set of market participants. ”

And he adds: "All cryptocurrencies recently launched on Coinbase registered significant increases after the listing. Analyzing the 24-hour period, 1INCH appreciated 13%, ENJ (16.7%), NKN (50%) and OGN (37%) .

Coinbase has 43 million verified users and 2.8 million active users monthly. In addition, the company claims that it has more than 7,000 institutions as its client. "

Does the Coinbase effect really exist? It seems that the statistics do not lie ....

Source: https://messari.io/