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Coinbase exchange’s listing and roadmap announcements can have significant consequences for altcoins. Especially in bull markets, altcoins often wait for a slight trigger to rise, and the importance of these announcements increases. This is exactly what happened at the time this article was prepared.
Coinbase Altcoin Listing Strategy
Coinbase exchange first adds the altcoins it will list to its roadmap and then makes a listing announcement within 1-7 days. If an announcement is not made within 7 days, the process extends to one month, and we see that these altcoins are removed from the roadmap. Now, the token of the blockchain intelligence platform Arkham, ARKM Coin, has been added to the roadmap.
Arkham is a proven platform that has reached a significant number of users within its ecosystem. Despite allegations of data breaches (we wrote about the CryptoLeaks allegations), the platform is attracting interest these days. Therefore, it would not be surprising if the actual listing announcement comes shortly.
To reduce price volatility and increase transparency, Coinbase exchange adds altcoins to its roadmap before listing, evaluating assets that will not cause issues with the SEC. Although they express this in official announcements, let’s also remind that they have an ongoing lawsuit with the SEC regarding unregistered securities sales.
ARKM price rose from $2.67 to the $3 mark following the announcement.
