InvestorsHub Logo
icon url

brewerfanx

01/09/18 11:09 AM

#37606 RE: BeamMeUpScotty #37605

Coinbase currently exchanges Bitcoin, Bitcoin Cash, Ethereum, and Litecoin for fiat. You can't trade between cryptocurrencies.

However, I would not expect that to be the case by the end of the year. My guess is that they end up doubling their coin offerings, if not more than that. At the very least, Ripple, Cardano, NEO, and Monero all seem like likely coins that Coinbase will support in the not-too-distant future.

I also suspect they will roll out inter-crypto trading at some point. So they can compete with the functionality of regular exchanges like Bittrex, Binance, Bitfinex, etc.

All of that said, I don't think that CoinTracking and Coinbase have any partnership opportunities on the horizon. One of the things that makes CoinTracking great is its ability to connect via API to almost all major exchanges. If they partnered with Coinbase, I'd worry that that freedom to gather all the information that's out there would be compromised.
icon url

saltwaterbrains

01/09/18 11:14 AM

#37607 RE: BeamMeUpScotty #37605

While that is true(it's actually 4 at the moment) Coinbase(or GDAX also owned by Coinbase) is often the entry point for people getting into the Crypto market. At least in the US. Crypto is getting huge folks there is no doubt. The workflow is usually a limited amount debit card or ACH deposit in USD followed by an exchange into Bitcoin or Ethereum, and then for example sent to an exchange such as Binance where the investor has many options to purchase different coins. So although Coinbase does indeed only offer 4 choices, it is the most common and trustworthy entry point into Crypto. "Shazbat", love that word. Nanoo-nanoo SWB out.