The confluence of this integration, coupled with news of the Coinbase Pro listing, allowed BAND to be one of the best performing assets within the crypto market yesterday.
This has also shown that the once-coveted “Coinbase effect” is back in play as investors grow more willing to siphon money into altcoins.
Luke Martin, a respected cryptocurrency analyst, spoke about this in a recent tweet, explaining that this opens up a “really attractive trading opportunity.”
“I’ve been skeptical about the ‘Coinbase effect’ for altcoins…but that has completely changed in the current market. BAND ripped for 45% when it got added yesterday. I think there’s a really attractive trading opportunity for the other potential adds on their list.”
What crypto token will Coinbase list next?
In a July 31st blog post, Coinbase explained that they are looking to list a variety of different tokens.
According to the exchange, the assets still under consideration of being listed are:
Luke has had a long interest in financial technology, especially cryptocurrency and blockchain. With a Bachelors degree in Journalism and Media, Luke is dedicating his writing skills for the digital currency sphere.He can be contacted at firstname.lastname@example.org