What Cryptocurrency Will Coinbase Add Next in 2018: A Comprehensive Analysis

In the rapidly evolving world of cryptocurrencies, Coinbase, one of the leading cryptocurrency exchanges, has been consistently adding new digital assets to its platform. As we approach the end of 2018, many crypto enthusiasts are eagerly anticipating the next cryptocurrency that Coinbase will add. This article aims to delve into the potential candidates and analyze the factors that might influence Coinbase's decision.

The Potential Candidates

1. Stellar Lumens (XLM)

Stellar Lumens is a decentralized payment protocol that facilitates cross-border transactions. Its native cryptocurrency, XLM, has gained significant traction in the market. The potential reasons for Coinbase adding XLM could be its focus on making financial services accessible to the unbanked population and its growing partnerships with major companies.

2. Cardano (ADA)

Cardano is a blockchain platform that aims to provide a more secure, transparent, and sustainable infrastructure for financial transactions. Its native cryptocurrency, ADA, has been making headlines with its upcoming Shelley upgrade. Adding ADA to Coinbase's platform could help the exchange tap into the growing interest in Cardano and its potential as a scalable and secure cryptocurrency.

3. Binance Coin (BNB)

Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges in the world. BNB is widely used for paying transaction fees on the Binance platform and for other purposes, such as participating in token sales. Coinbase adding BNB could help users easily convert their BNB to other cryptocurrencies or fiat currencies.

4. Tezos (XTZ)

Tezos is a self-amending blockchain platform that aims to create a more efficient and transparent financial system. Its native cryptocurrency, XTZ, has faced regulatory challenges in certain regions. However, with the recent launch of its mainnet, Tezos has gained attention from the crypto community. Adding XTZ to Coinbase's platform could help increase its adoption and attract more users.

5. Chainlink (LINK)

Chainlink is a decentralized oracle network that connects smart contracts to real-world data. Its native cryptocurrency, LINK, has been gaining traction as a key component in the growth of decentralized finance (DeFi) applications. Adding LINK to Coinbase's platform could help users easily access DeFi projects and contribute to the growth of the ecosystem.

Factors Influencing Coinbase's Decision

1. Regulatory Compliance

Coinbase has always been known for its focus on regulatory compliance. The exchange is likely to add cryptocurrencies that are well-regulated and comply with the requirements of various jurisdictions. This ensures that the platform remains legally compliant and can cater to a broader user base.

2. Market Demand

Coinbase's decision to add new cryptocurrencies is often driven by market demand. The exchange is likely to add cryptocurrencies that have gained significant traction and have a strong community backing. This helps ensure that the platform remains relevant and caters to the needs of its users.

3. Technological Innovation

Coinbase is known for its commitment to technological innovation. The exchange is likely to add cryptocurrencies that demonstrate advanced technological advancements, such as improved scalability, security, and privacy features. This helps in positioning Coinbase as a leader in the cryptocurrency space.

4. Partnerships and Ecosystem Development

Coinbase often looks to add cryptocurrencies that align with its strategic goals and partnerships. The exchange is likely to add cryptocurrencies that have strong partnerships with other leading players in the industry, as well as those that contribute to the growth of the overall ecosystem.

5. User Experience

Coinbase prioritizes user experience. The exchange is likely to add cryptocurrencies that offer a seamless and secure trading experience for its users. This includes cryptocurrencies that have robust security measures, user-friendly interfaces, and accessible customer support.

In conclusion, while it is difficult to predict the exact cryptocurrency that Coinbase will add next in 2018, it is evident that the exchange will continue to focus on regulatory compliance, market demand, technological innovation, partnerships, and user experience. Among the potential candidates, Stellar Lumens (XLM), Cardano (ADA), Binance Coin (BNB), Tezos (XTZ), and Chainlink (LINK) seem to have a strong chance of being added to the platform.

Here are five related questions and their answers:

1. Q: Why is Coinbase's decision to add new cryptocurrencies important for the crypto community?

A: Coinbase's decision to add new cryptocurrencies is crucial for the crypto community as it increases the accessibility and liquidity of various digital assets. This helps in promoting the adoption of cryptocurrencies and fostering a healthier and more vibrant ecosystem.

2. Q: How does adding new cryptocurrencies benefit Coinbase's users?

A: Adding new cryptocurrencies benefits Coinbase's users by providing them with a wider range of investment opportunities and a more diverse portfolio. It also allows users to trade their preferred cryptocurrencies easily and efficiently.

3. Q: What are the potential risks associated with adding new cryptocurrencies to Coinbase's platform?

A: The potential risks associated with adding new cryptocurrencies include regulatory challenges, market volatility, and security concerns. However, Coinbase has implemented robust measures to mitigate these risks and ensure the safety of its users.

4. Q: How does adding new cryptocurrencies affect the overall market dynamics?

A: Adding new cryptocurrencies to Coinbase's platform can have a significant impact on the overall market dynamics. It can lead to increased liquidity, greater adoption, and potentially drive up the value of certain digital assets.

5. Q: Can you name any recent cryptocurrencies that Coinbase has added to its platform?

A: Coinbase has added several cryptocurrencies to its platform recently, including Cardano (ADA), Tezos (XTZ), and Basic Attention Token (BAT). These additions have helped expand the exchange's offerings and cater to a broader range of users.