As a vital part of the crypto and blockchain space, Coinbase has become a way to provide hundreds of thousands of people to get involved with bitcoin and other ecosystems in the industry.
But Coinbase isn’t without its flaws.
This week saw the exchange publish a blog post stating that it is looking into 17 new altcoins including Avalanche, Celo, Chia, Coda, Dfinity, Filecoin, Handshake, Kadena, Mobilecoin, NEAR, Nervos, Oasis, Orchid, Polkadot, Solana, Spacemesh, and Telegram. All these cryptocurrencies are probably coins/tokens that you’ve never heard of but they were ones with big ICO’s or venture capital which are also yet to launch.
After being met with mostly criticism at first. the prominent trader under the name Post (parody of the popular rapper Post Malone) noted that Coinbase’s products have taken a turn for the worse, asking for the platform to “reduce the fees and move with the times”.
Do they not realise that adding the shittest of shitcoins is not the answer to their problems.
When I first joined crypto, #Coinbase was a reputable service for buying selected high caps via a great UI/UX.
Just reduce the fees and move with the times, it’s that simple… https://t.co/wtxyVflUDv
— Posty (@Crypt_Malone) September 20, 2019
As reported by Ethereum World News, the worries in regards to Coinbase’s product strategy aren’t just from the outside but inside the firm too.
Inside sources from The Information posted an article earlier this year saying at Coinbase executives have been having “shouting matches”.
Is it creative differences? Or is it something a lot deeper? It’s hard to say from the outside but the former is a very big possibility.
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!