The largest cryptocurrency exchange in the U.S, Coinbase is known for having a tough listing process. However, it launched a Google Form last week that will enable blockchain and crypto startups to apply to have their tokens listed on the crypto exchange platform. Despite this huge opportunity, some people are not making use of this page as Coinbase had intended.
Coinbase page gets trolled
With Coinbase opening its door to the crypto world, most startups and crypto enthusiasts took the opportunity to troll the platform and send them a barrage of spoof coin-listing applications. Even before the process took off, some cryptocurrency users expected that Coinbase will have to deal with a lot of garbage in form of applications.
Neeraj K. Agrawal tweeted that “I want to see what kind of garbage people are putting in the Coinbase form” The Twitter community also used this opportunity to mock some of the leading cryptocurrencies such as XRP. Matt ฿ (@MattoshiN) tweeted that “Cheers Coinbase, I’m having a blast”
Crypto Afronaut also tweeted that:
I fixed your https://t.co/zT4SzcbAd0 website 😎 @coinbase
To thank me you can list $DOGE , thanks and keep up the good work 👍#crypto #cryptocurrency #cryptocurrencies #blockchain #bitcoin #coinbase #altcoin #altcoins pic.twitter.com/38nW7UOdHL
— Crypto Afronaut 🚀🌕 (@JohnyCrypto) September 26, 2018
Starving meme artist also tweeted that:
scroll all the way down
pick a shitcoin
submit it to coinbase using this google form:https://t.co/LdkGOWP3KU
change google account
i just submitted paccoin… i uploaded a dickbutt pic as legal.pdf
— Starving meme artist (@send_bitcoins) September 26, 2018
Despite the trolling, getting on Coinbase would do a lot of good for less known cryptocurrencies and tokens. The new listing process will encourage more cryptos to become appropriately regulated as it will boost their chances of getting listed there and other exchanges.
The cryptocurrency exchange recently listed privacy-based cryptocurrency Zcash on its platform. Coinbase was impressed with the coin, stating that “ZEC will be available for customers in most jurisdictions, but will not initially be available for residents of the United Kingdom or the state of New York. Additional jurisdictions may be added at a later date.”
Despite doubts by the cryptoverse on the listing of ZEC on Coinbase, the founder of the cryptocurrency Zooko Wilcox is excited about the coin getting listed on the exchange. He is optimistic that the exchange would uphold the privacy features created by the cryptocurrency