Next Coin On Coinbase [Updated November 2018]

Based on a July 13 announcement by Coinbase and given the recent listings of BAT and ZRX, the NEXT coin to be listed on Coinbase is likely to be Stellar (XLM), Cardano (ADA) and/or ZCash (ZEC).

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

Based on a July 13 announcement by Coinbase and given the recent listings of BAT and ZRX, the NEXT coin to be listed on Coinbase is likely to be Stellar (XLM), Cardano (ADA) and/or ZCash (ZEC)


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)
  • 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 two out of the five coins, 0x (ZRX) and Basic Attention Token (BAT). 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)

 

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

Top 3 Coins Highly likely to be listed on Coinbase

Based on our analysis, our favorite picks come down to EOS, Stellar and Augur. These coins check off almost all of the most important factors Coinbase examines when deciding whether or not to list a new coin.

Based on our analysis so far, our favorite picks come down to EOS, Stellar and Augur.

Traded on top 15 exchangesFiat pairs
EOS97
Stellar97
Augur65

EOS and Stellar are well-established coins with strong teams, major exchange exposure, and market-wide recognition. Further, these guys both check off many of the boxes required to be listed on Coinbase.

Although we haven’t mentioned Augur yet in this piece, its numbers don’t lie. Augur is listed on 25 exchanges of which 6 are in the top 15 based on trading volume.

The reason Augur made it to our short list is because of its impressive 5 fiat trading pairs, respectable market cap, and trading volume. Augur can easily be the sleeper we’re all waiting to get listed and soar in price.

If you’re interested in trading EOS, Stellar (XLM) or Augur (REP), we recommend Binance. They have the most volumes and have virtually all of the interesting coins on the market. Further, they do a great job at vetting against fake and fraudulent coins and team.


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.

3 Comments
  1. […] Update: October 22, 2018 –Coinbase has added 0x (ZRX) to Coinbase and Coinbase Pro […]

  2. […] by market cap isn’t among them. XRP holders weren’t too pleased. As previously explained, XRP does not meet the listing criteria set by Coinbase’s digital asset selection […]

  3. Some says

    Why not XRP?

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