EOS represents the largest altcoin added to the Coinbase retail platform since XRP was added this February. The cryptocurrency will be available to users in most jurisdictions, except for the United Kingdom and the state of New York due to tighter regulations.
Coinbase.com had 27.9 million visitors in April with an estimated 25 million users as of Q1 of 2019.
Coinbase has continued to aggressively list new crypto assets. Once considered the “conservative” crypto exchange stemming from the measured pace at which it added new coins, likely to adhere to more restrictive U.S. regulations. Starting late last year the exchange changed its strategy to list a greater number of coins.
The change in strategy is possibly a response to Coinbase’s weakening market position. In terms of percentage of total volume, U.S. exchanges including Coinbase are losing market share to the now dominant Binance.
Since September of 2019 Coinbase has listed 15 different crypto assets.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.