Coinbase Names New Listing Candidates

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Crypto exchange Coinbase has announced a change in its approach to listing according to which the platform will publish an open list of applicant cryptocurrencies in advance.

The trading platform has explained this step is needed to “increase information symmetry” and ensure more fair conditions in the cryptocurrency market.

A pattern known as the “Coinbase effect” has become widely known in the crypto community. According to it, the price of a crypto asset rises sharply after listing on the exchange. This may provide an additional advantage to insiders who are aware of a future listing.

The company has released a list of 50 projects, whose listing can take place until June 30. Notably, it includes 45 ERC-20 tokens and 5 assets from the Solana ecosystem.