You may have noticed a nice little pop in HNT price action this week. Turns out there was some exciting, positive news to drive volume and price action of the HNT token.

https://tokeninsight.com/en/news/coinbase-adds-helium-hnt-to-listing-roadmap?utm_source=public&utm_medium=rss

Due to the popularity of Coinbase new listings will tend to attract a rapid increase in trading volume which can help boost a tokens price. For tokens listed following an announcement, data shows that they give investors an excellent opportunity to buy low and sell high — an average of 43% in gains within the average six-day window.

Coinbase used to be much more secretive and offered little information about new upcoming crypto projects they intended to list on the exchange but recently they have become much more transparent and open. Coinbase will sometimes announce a new coin listing beforehand by updating customers through its social media accounts.

Asset Listing

Coinbase makes listing decisions through a formal process run by a special committee called the Digital Asset Listing Group, which follows regular procedures, which are documented in formal policies, and which applicable regulators must review and approve.

The Digital Asset Listing Group votes on what assets can be listed, informed by a rigorous vetting/review process that evaluates assets for compliance, legal, and information security concerns.

The voting group does not include Coinbase CEO Brian Armstrong or other Coinbase Global Board members.

Although Coinbase has not given direction as to when the HNT token will be listed on the exchange this is certainly bullish news for the HNT token and for the Helium community.