Coinbase Effect’ Means Average 91% Token Price Gain in 5 Days, Messari Says

[Tanimariya]

It's not your imagination: Token listings on Coinbase tend to bring bigger price pops than on other cryptocurrency exchanges like Binance and Kraken.
In cryptocurrency markets they call it the “Coinbase effect” – the theory that up-and-coming digital tokens like cardano tend to experience a quick price pop after they’re listed on the big U.S. exchange Coinbase.

The phenomenon has been exhaustively researched and chronicled, and it happened recently after the digital-token cardano (ADA) listed on Coinbase. But now the cryptocurrency analysis firm Messari has conducted a fresh study looking at the price pops of tokens on Coinbase during their first five days of trading, compared with the impact of listings on other big digital-market venues including Binance, FTX, OKEx, Kraken and the Winklevosses’ Gemini.
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