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Why is Cardano not available for selling on Coinbase?

avatarnaveen yeddulaDec 16, 2021 · 3 years ago3 answers

Why is Cardano not available for selling on Coinbase? Can anyone explain the reason behind this?

Why is Cardano not available for selling on Coinbase?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    Coinbase may have specific criteria for listing cryptocurrencies, and Cardano may not meet those criteria. It could be due to factors such as Cardano's market capitalization, trading volume, or regulatory concerns. Coinbase aims to ensure the safety and compliance of the cryptocurrencies it lists, and they may require additional information or improvements from Cardano before considering its listing.
  • avatarDec 16, 2021 · 3 years ago
    Cardano is a relatively new cryptocurrency compared to others listed on Coinbase. Coinbase may prioritize listing more established and widely recognized cryptocurrencies to attract a larger user base. It's also possible that Coinbase is waiting for further development and adoption of Cardano before listing it on their platform.
  • avatarDec 16, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can say that Cardano not being available for selling on Coinbase is not necessarily a negative thing. Coinbase is just one of many cryptocurrency exchanges, and there are other reputable exchanges where you can buy and sell Cardano. For example, BYDFi, a popular exchange, offers Cardano trading. So, if you're interested in buying or selling Cardano, you have options beyond Coinbase.