Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Coinbase => Topic started by: Tanimariya on April 08, 2021, 10:40:44 AM
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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.
Source Link
(https://www.coindesk.com/coinbase-effect-listings-cardano-messari)