@BOMBERuss 12 April 2022 more from that month

#Coinbase has announced an expanded list of tokens that are being considered for listing in the second quarter of 2022. In this way, the exchange tries to demonstrate the transparency of its activities. The list of 45 ERC-20 tokens includes projects such as the #Binance USD (#BUSD) stablecoin and the popular #BitDAO (#BIT) DAO project. Also in the list there are five #SPL tokens using the #Solana network, which the exchange added support for in March. Representatives of the exchange emphasize that this is not the final list of assets offered for placement and in the future other tokens not listed in the list may appear on the exchange. Some assets may be entered with the label "Experimental", which applies to lesser-known tokens or tokens with relatively low trading volume. Thus, the company seeks to reduce the likelihood of "pumping and dumping" when the price of an asset is being raised with the help of recommendations based on false statements. In the past, token listings on Coinbase have led to higher price hikes than on other crypto exchanges. This was called the "Coinbase Effect", when the price of the cryptocurrency rose rapidly after the listing announcement. Having warned clients in advance about plans to place any assets, the crypto exchange is trying to reduce or eliminate this effect altogether.