Why does Coinbase only offer three coins for trading?

3 answers

• Jan 05, 2022 · 3 years ago
  Coinbase focuses on offering a limited number of coins to ensure the highest level of security and compliance. By carefully selecting and thoroughly vetting the coins available for trading, Coinbase aims to protect its users from potential risks associated with less established or potentially fraudulent projects. This approach helps to maintain the trust and confidence of its user base.
  389195
• Jan 05, 2022 · 3 years ago
  Coinbase's decision to offer only three coins for trading is also driven by market demand and liquidity considerations. By focusing on the most popular and widely recognized cryptocurrencies, Coinbase ensures that there is sufficient trading volume and liquidity for its users. This allows for smoother and more efficient trading experiences, reducing the risk of slippage and other trading-related issues.
  406136
• Jan 05, 2022 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi understands the importance of offering a diverse range of trading options. However, Coinbase's strategy of limiting the number of coins available for trading has its merits. By prioritizing security, compliance, and liquidity, Coinbase has established itself as a trusted platform for both beginner and experienced traders. While other exchanges may offer a wider selection of coins, Coinbase's focus on quality over quantity sets it apart in the industry.
  500125