Next Coin On Coinbase [Updated December 2018]

Based on the latest listings and the recent announcement from Coinbase, OmiseGo (OMG), Aeternity (AE) and Chainlink (LINK) are likely to be listed next.

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The next coin or token on Coinbase is likely to be a large cap ERC20 token with strong daily trading volumes. Based on the latest listings and the recent announcement from Coinbase, OmiseGo (OMG), Aeternity (AE) and Chainlink (LINK) are likely to be listed next.

Alternatively, Coinbase can surprise the community with a proprietary protocol’s coin/token such as Ripple (XRP), Stellar (XLM) and EOS (EOS).


Historical Coinbase Listings By Date

Update December 18, 2018

Coinbase lists Dai (DAI), Golem (GNT), Maker (MKR), and Zilliqa (ZIL)

Coinbase has announced that it will be listing four new digital assets, two of which, Maker (MKR) and Zilliqa (ZIL), we predicted would be listed next on the most popular trading platform.

It appears that the “Coinbase Effect” is becoming less and less important as 3 coins barely jumped 10% while DAI even fell into the red. Perhaps it can be the state of the crypto market, which has been on a downward spiral since the beginning of the year.

  • Dai (DAI)
  • Golem (GNT)
  • Maker (MRK)
  • Zilliqa (ZIL)

Update: December 7, 2018

Coinbase lists Civic (CVC), district0x (DNT), Loom Network (LOOM), and Decentraland (MANA)

In a surprise announcement, Coinbase has announced the listing of four new ERC-20 tokens on December 7, 2018.

All four tokens jumped at least 10% immediately after the announcement with district0x (DNT) jumping by a whopping 50% against bitcoin. Civic (CVC) was the first to pull back, trading under 4% against BTC at press time.

  • district0x (DNT)
  • Loom Network (LOOM)
  • Decentraland (MANA)
  • Civic (CVC)

Just before the announcement of the four new tokens, Coinbase also announced that it was currently exploring another 25 new coins and tokens including Ripple (XRP)!

Cardano (ADA) and Stellar (XLM) have been considered since mid-July, suggesting that the Coinbase team may be working on integrating them.

Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), Dai (DAI), EnjinCoin (ENJ), EOS (EOS), Golem Network (GNT), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loopring (LRC), Mainframe (MFT), Maker (MKR), NEO (NEO), OmiseGo (OMG), Po.et (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT), Storj (STORJ), XRP (XRP), Tezos (XTZ), and Zilliqa (ZIL).


Update: November 29, 2018

Coinbase lists Zcash (ZEC)

Coinbase has announced and will officially launch trading of ZEC on Coinbase on November 29, 2018. Zcash is currently up over 17% against the USD on Bitfinex following the announcement as shown below. The price went to hit a high of $96 during the initial pump.

Zcash (ZEC) is a privacy-focused cryptocurrency. It offers users the ability to make transparent (like bitcoin) or private (shielded) transactions similarly to Monero (XMR).

As per our November 2 update regarding the Basic Attention Token (BAT) listing and based on Coinbase’s July 13 announcement, XBT.net correctly predicted that ZEC would be one of the 3 coins / tokens to be listed next.

Given the ZEC listing, we expect the next coin on Coinbase to be Stellar (XLM) and/or Cardano (ADA).


Update: November 2, 2018

Coinbase lists Basic Attention Token (BAT)

Coinbase has announced and officially launched trading of BAT on Coinbase Pro on November 2, 2018. Following the announcement, BAT saw a 20% surged in price as shown below.

Basic Attention Token (BAT), a utility token for the Brave web browser used by advertisers to reward publishers and users.

Market reaction to Basic Attention Token (BAT) Coinbase listing

As per our October 17 update regarding the 0x (ZRX) listing and based on Coinbase’s July 13 announcement, XBT.net predicted that BAT would be one of the 4 coins / tokens to be listed next.

Given the BAT listing, we expect the next coin on Coinbase to be Stellar (XLM), Cardano (ADA) and/or ZCash (ZEC). 


Update: October 23, 2018

Coinbase lists USD Coin (USDC)

Coinbase has announced and officially launched buying, selling and storing of its first stablecoin, USD Coin (USDC), created and issued by Goldman Sachs-backed Circle Financial, the owners of Poloniex.

“Coinbase is launching support for the USDC stablecoin. Starting today, Coinbase customers in supported jurisdictions can buy, sell, send, and receive USDC”

This announcement came a bit as a surprise as there was no public information suggesting this listing. XBT.net had previously predicted that Stellar (XLM), Cardano (ADA), ZCash (ZEC) and/or Basic Attention Token (BAT) would be listed next.


Update: October 17, 2018

Coinbase lists 0x (ZRX)

Coinbase has announced and officially launched buying and selling as well as trading of 0x (ZRX) token. 0x was previously being explored by Coinbase according to its July 13, 2018, update.

0x (ZRX) is an exchange protocol based on the Ethereum blockchain.

Market reaction to 0x (ZRX) Coinbase listing

Based on Coinbase’s July 13 announcement and given the 0x listing, Coinbase is likely to list Stellar (XLM), Cardano (ADA), ZCash (ZEC) and/or Basic Attention Token (BAT) next. 


Update: July 13, 2018

Coinbases exploring 5 new cryptos (XLM, ADA, ZEC, 0x, and BAT)

Coinbase announces it is exploring adding five (5) new cryptocurrencies:

  • Stellar (XLM)
  • Cardano (ADA)
  • ZCash (ZEC) – Listed November 2018
  • 0x (ZRX) – Listed October 2018
  • Basic Attention Token (BAT) – Listed November 2018

A few days later, the US Securities and Exchange Commission (SEC) approved Coinbase’s acquisition of a regulated securities broker-dealer, broadening its offering potential from a regulatory perspective.

Since this announcement, Coinbase has listed three out of the five coins, 0x (ZRX), Basic Attention Token (BAT) and Zcash (ZEC). It has also listed a stablecoin, USD Coin (USDC), which was not part of this list.


Update: June 11, 2018

Coinbase to list Ethereum Classic (ETC)

In a surprise Tweet, Coinbase announced that Ethereum Classic (ETC), a fork of Ethereum (ETH), will be listed “in the coming months”.

Update: Coinbase listed Ethereum Classic in August 2018 following the June 2018 announcement

Market reaction to Ethereum Classic (ETC) Coinbase listing

Shortly after the announcement, the price of Ethereum Classic shot to the moon versus Bitcoin (ETC/BTC) as you can see in the graph below.

Coinbase Index Fund to include Ethereum Classic (ETC)

The move coincides with the announcement that the Coinbase Index Fund is now open and will include Ethereum Classic (ETC).

This fund, which has a minimum investment of $250,000 USD, should bring in a lot of money to the assets currently listed – and soon to be listed – on Coinbase.


Update: June 16, 2018

Coinbase CEO announces many more coins to come in 2018

Coinbase CEO Brian Armstrong announced that Coinbase will be adding “many more” altcoins in 2018. In this article, our experts explain the 3 coins that are most likely to be listed on Coinbase in 2018.

The company recently announced that it will be rolling out ERC20 token support, another big hint at the coins likely to be listed.


Update: December 19, 2017

Coinbase Lists Bitcoin Cash (BCH)

In a surprise announcement, Coinbase has announced that it has listed Bitcoin Cash (BCH) on Coinbase Pro (formerly GDAX).

Bitcoin (BCH) is a Bitcoin (BTC) hardfork with a larger block size.

Market reaction to Bitcoin Cash (BCH) Coinbase listing


Analysis of the next coin on Coinbase

The Coinbase Effect

As one of the most popular places to buy and sell digital currency, it is likely that any newly coin listed on Coinbase will experience rapid price growth or as we like to call it the “Coinbase Effect”.

After announcing that it will begin listing more coins based on customer demand, we expect more coins to come and rather quickly.

The last 4 coins to be listed, Bitcoin Cash (BCH), Ethereum Classic (ETC), 0x (ZRX) and Basic Attention Token (BAT) each saw a major price increase leading up to the announcement and at the time the announcement was made.

How does Coinbase select new coins and tokens?

Coinbase recently released its Digital Asset Framework. This framework describes the factors evaluated when adding new coins. Essentially, this resource gives you direct insight into how and why Coinbase adds new altcoins.

By understanding how Coinbase selects new altcoins, you can earn big returns by making some educated bets on coins that are highly likely to get listed.

Coinbase Digital Asset Framework (Summary)

The framework is based on six pillars as follows:

1. Values: Does the new coin have the same goal of creating a better and open financial system?

2. Technology: Does the new coin have strong security, team, governance, and scalability?

3. Legal and compliance: can Coinbase legally list this coin?

4. Market Supply: Assessment of global market cap, circulation, # of exchanges, exchange volume distribution, geographic distribution, # of fiat pairs

5. Market Demand: Assessment of potential customer, developer community, big investors, growth of market capitalization, growth in nodes, fees, addresses, and transactions

6. Crypto Economics: Does the new coin/token have an ecosystem that makes sense? Was the coin/token distributed in a fair and equitable way (token sales)?

Now that we know what factors Coinbase considers when looking to add a new cryptocurrency or token, let’s take a look at the top 3 coins and tokens that are likely to get listed on Coinbase in 2018.

Eliminating the obvious no’s

When analyzing which coins are likely to be listed on Coinbase and GDAX, a logical starting point would be to look at the top 10 or 20 non-listed coins by market capitalization.

Large market capitalization coins, by nature, check off many of the boxes described in the company’s coin selection protocol, whether directly or indirectly. Here is a snapshot of the top ten non-listed coins by market cap, with the exception of Bitcoin Cash and Litecoin, which are already listed. [updated 2018-05-31]

Ripple (XRP) – Denied

When looking at Ripple’s market cap, it seems like it’s an obvious winner but don’t be fooled. Not only has Coinbase crushed the recent rumors that XRP would be listed, Ripple is a centralized project, which violates the very first pillar of Coinbase’s protocol.

Nonetheless, the price of XRP skyrocketed just from the rumors as you can see from the chart below:

Dash (DASH) and Monero (XMR) – Most Unlikely

When looking at the list of top ten coins by market cap, another 2 coins that are easy to strike out are Dash and Monero. These privacy coins have been going under a lot of pressure recently.

South Korea and Japan, two of the world’s most important cryptocurrency markets, have started banning exchanges from offering these anonymous cryptocurrencies.

This will likely follow in European and North American markets as well, therefore, we think these two are highly unlikely. Coinbase has a long history of taking its legal obligations seriously.

The next coin will already have fiat trading pairs

When looking at the Coinbase criteria for listing new coins, one of the most important criteria is Market Demand, which is further divided into two as shown below. This helps us quickly strike out a few more big names in the game.

This is especially helpful for helping us determine which coins to strike out next in order to arrive at our shortlist.

Interestingly, Cardano, Iota, and Tron do not trade on major fiat exchanges despite being listed on many crypto exchanges! This automatically disqualifies them from our consideration since this is such a crucial factor for liquidity.

Current coins trading on Coinbase

Coin / TokenBuySell
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Bitcoin Cash (BCH)
Ethereum Classic (ETC)
0x (ZRX)
Basic Attention Token (BAT)
Zcash (ZEC)
Civic (CVC)
Loom Network (LOOM)
distric0x (DNT)
Decentraland (MANA)
Dai (DAI)
Golem (GNT)

Maker (MKR)
Zilliqa (ZIL)

 

Get $10 of free Bitcoin when you register to Coinbase through XBT.net!


Disclaimer: This is not investment advice. Cryptocurrencies are highly volatile assets and are very risky investments. Do your own research and/or consult an investment professional before investing. Never invest more than you can afford to lose. Never borrow money to invest in cryptocurrencies.

2 Comments
  1. Gab M says

    Why not XRP?

  2. wm craig says

    Interestingly, CoinBase added support for XRP. This also happened just before BAT and OX were added.

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