Coinbase itemizing opens EOS to tens of millions of retail buyers

0
64
#NamePriceMarket CapChangePrice Graph (24h)

<a class="wpal-linked-keyword" href="https://hodlcrypto.org/coinbase" rel="nofollow" target="_blank">Coinbase</a> itemizing opens EOS to tens of millions of retail buyers | CryptoSlate

Coinbase added EOS to its retail platform and mobile apps. The move will provide market access to the cryptocurrency for millions of retail investors.

EOS represents the largest altcoin added to the Coinbase retail platform since XRP was added this February. The cryptocurrency will be available to users in most jurisdictions, except for the United Kingdom and the state of New York due to tighter regulations.

Coinbase.com had 27.9 million visitors in April with an estimated 25 million users as of Q1 of 2019.

Coinbase has continued to aggressively list new crypto assets. Once considered the “conservative” crypto exchange stemming from the measured pace at which it added new coins, likely to adhere to more restrictive U.S. regulations. Starting late last year the exchange changed its strategy to list a greater number of coins.

The change in strategy is possibly a response to Coinbase’s weakening market position. In terms of percentage of total volume, U.S. exchanges including Coinbase are losing market share to the now dominant Binance.

Since September of 2019 Coinbase has listed 15 different crypto assets.

EOS, currently ranked #5 by market cap, is down 6.87% over the past 24 hours. EOS has a market cap of $6.85B with a 24 hour volume of $4.94B.

Chart by CryptoCompare

EOS is down 6.87% over the previous 24 hours.

Filed Underneath: Coinbase, Crypto Exchanges, EOS, Value Watch

Mitchell Moos

Mitchell is a software program fanatic and entrepreneur. Along with writing, he runs a non-profit that teaches folks in regards to the blockchain. In his spare time he loves enjoying chess or mountain climbing.

View creator profile

Dedication to Transparency: The creator of this text is invested and/or has an curiosity in a number of belongings mentioned on this put up. CryptoSlate doesn’t endorse any venture or asset which may be talked about or linked to on this article. Please take that into consideration when evaluating the content material inside this text.

Disclaimer: Our writers’ opinions are solely their very own and don’t replicate the opinion of CryptoSlate. Not one of the data you learn on CryptoSlate needs to be taken as funding recommendation, nor does CryptoSlate endorse any venture which may be talked about or linked to on this article. Shopping for and buying and selling cryptocurrencies needs to be thought of a high-risk exercise. Please do your individual due diligence earlier than taking any motion associated to content material inside this text. Lastly, CryptoSlate takes no duty do you have to lose cash buying and selling cryptocurrencies.