This is a workaround. It does not mean any other cryptos are coming to Coinbase anytime soon. They don't want to deal with adding crypto assets to their platform and then being ordered to remove them if regulators deem certain tokens to be securities. Once clear-cut rules are defined and established as to what is considered a 'security' and what is not... then CB will start adding actual tokens to the platform for trading. CB is not a licensed broker yet. They are probably working on this now so they can trade securities.
Great point of view. I think if they gonna choose ERC20 it might be EOS ... and if they will surprise us they will add a Not erc20 like IOTA. The hidden part of Iceberg of those people is not straight to or easy to expect.
If I were a gambling man, and I am...based on their 'new asset framework' I'd bet '0x' will be the first to hit GDAX. We all know the market has been blood red today and it's not a coincidence that 0x has been hitting massive vol and green numbers in a sea of red all day. This is what you call crypto insider trading.
Hmm good point ✊
Been slinging crypto since before coinbase. If you watch coinbase and how they conduct business they do not have a right grip on their staff. I guess this is the nature of anonymous funding. While I do use them when I need to, I do not trust Coinbase whatsoever. I also don't think them adding new assets will cause certain coins to spike greatly because they will likely not pair ERC20 Tokens to USD. They will pair to ETH. So they aren't removing a major step. It's more like they are creating a sub-step. In short, a safe bet would be to stock up on some ETH because it's going to see a lot of trading, massive vol and a major increase in market cap once this goes down 9-12 months from now.