Crypto:
32522
Bitcoin:
$95.793
% 1.43
BTC Dominance:
%55.8
% 0.22
Market Cap:
$3.44 T
% 0.50
Fear & Greed:
81 / 100
Bitcoin:
$ 95.793
BTC Dominance:
% 55.8
Market Cap:
$3.44 T

Coinbase Expands Altcoin Push

Coinbase

Coinbase is preparing to take important steps to list more altcoins. The largest cryptocurrency exchange in the US is in a stronger position vis-à-vis the SEC after Donald Trump won the presidential race, strengthening the exchange’s goal of listing more altcoins.

In an interview with Bloomberg, Tom Duff Gordon, Coinbase’s head of global policy, said they are looking to list many more altcoins and meme coins in the coming period. “We’re going to focus more on small-cap tokens and meme coins,” Gordon said.

However, Coinbase and other crypto exchanges have been struggling with long-standing issues with the US Securities and Exchange Commission (SEC). The SEC argues that most cryptocurrencies other than Bitcoin and Ether are securities and has sued Coinbase over this issue. However, SEC Chairman Gary Gensler has stated that Bitcoin can be considered a commodity.

Despite the legal challenges in the US, Coinbase continues to expand its global operations. In 2023, Coinbase increased its international influence by establishing new companies in 38 different countries and plans to consolidate its future growth with its altcoin listing strategy.

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