This support may be interpreted as an implicit—and important—endorsement by Coinbase, which is arguably one of the most influential exchanges in the cryptocurrency market. While staking rewards isn’t the same as a new listing, ATOM may benefit from the widely accepted “Coinbase Effect,” which says that a listing on the San Francisco-based exchange brings a sharp—even ridiculous—price boost.
Enough is enough: Coinbase Pro to stop absorbing gas fees and pass costs on to ETH users
The announcement comes as expenditure on transaction fees reaches a record high, with close to $1 million spent in a single hour
In a series of tweets on Sep. 17, the exchange said decentralized finance’s explosion in popularity, alongside wider levels of crypto adoption, were key factors in its decision. With networks getting more congested because of higher numbers of transactions (and gas fees going up as a result,) it seemed inevitable this policy wouldn’t be sustainable forever.
With new price oracle, Coinbase wades into DeFi
The crypto giant says current methods used to verify prices are deeply flawed, but claims its oracle could reduce ‘systemic risks’
Aiming to "reduce systemic risks" in the DeFi ecosystem, Coinbase is launching a new price oracle that will provide up-to-date rates on BTC/USD and ETH/USD every 60 seconds.
Coinbase announces acceptance of XRP, ripple ensues
Coinbase Pro to start accepting XRP transfers Tuesday
It seems like the #RippleArmy has won at least one major battle: acceptance by Coinbase. One of the biggest names in retail crypto trading announced on Monday that its Coinbase Pro platform will start accepting inbound transfers of XRP Tuesday morning.