Bitcoin Forum

Coinbase has almost doubled its engineering staff and is also planning to add new coins.


Source: https://www.cnbc.com/2018/05/04/coinbase-prepares-for-a-monster-increase-in-trading.html

Bitcoin is the best crypto currency of all the time. Coinbase preparation is the way of increasing the price and this system is the one of the way to increase we know the price of btc is increasing nowadays and this btc has the future value and this price will be double after few days later so it’s good for bitcoin users.

The more new coin choices will bring new passion for traders with good coin potential in the trade will bring in a lot of enthusiasts.

i am surprised that they are doing this now, the article is about 2 weeks old but still i say it is strange. the time to increase their staff and trading power was about 6-7 months ago when there was a huge surge of customers on their platform and everyone was experiencing troubles. right now things are pretty calm and will probably remain this way for a while.
in any case it is a good move, i also hope they increase their server power so that there isn't any downtimes anymore.

recently I read news somewhere coinbase applied for bank license coin base is expanding fast and there is rummor facebook may buy coinbase in near future

I'm curious to see what tokens the exchange will add.
Because the exchange has a high status in the United States, it will have a big impact on the price of tokens.

This is probably related to the announcement of the inclusion of token trading. I hope this means a rise of the cryptocurrencies. ;)

Out of all of the 'news' on this forum, this is the first time I've seen where someone doesn't try to blatantly lie about what they're seeing. For that, bravo to you!

I do think, personally, that a move like this is telling. No company of this size is going to increase their salaries without knowing the fate of crypto trading beforehand, through we don't know if this is going to be a massive increase in buying or a massive increase in selling. Time will only tell that. We'll just have to pray a little.

I actually didn't understand what you're trying to say. What is coinbase? Sorry. I hardly have knowledge about it. :o

Presumably this relates to their push into the institutional end of things. They won't get the business they want without exemplary service. Mr Moneybags won't be impressed if he gets a ticket number and no response for a couple of weeks.

I'd love to know how many exchanges are bothering to make preparations for future runs. Volumes are a fraction of what they were at the peak and having 50 people sitting around watching kitten videos while they wait for the next bubble is not going to be affordable.

The last thing we need is more seizures and closures of signups but I don't see how it's going to be avoided.

I think it might be due to more competition, there's many exchanges launching currently, all offering promises and new things.
just like google is #1 but there were earlier search engines around, anyone who doesn't keep up could easily lose their spot permanently.
while they should've done that in december, pretty much all exchanges (atleast that handled fiat) were overrun at that point, and had to close down their registrations..

so it's good that coinbase prepares, but weird time to do it.

Have you thought about googling that?
https://www.google.com/search?q=What+is+coinbase

;)

Coinbase has no choice to add some coins beside the ones in place already, otherwise, it will be considered as a dinosaur exchange. I wonder if they will add Ripple, it will be funny to see. If they really get a banking license, be ready for all the KYC even if you just use it as a wallet

as we all are fond of Coinbase from starting so any initiative frome them will be very beneficial for the market, their initiative to increase in treading will definitely boost up the market. thanks for the link.

XRP goes against their rules for listing.

https://www.gdax.com/static/digital-asset-framework-2017-11.pdf

However I'm sure all of that flies out the window if there's some money in it for them. Their Bcash launch was very underhand and mysteriously eager too.

The big boys behind Ripple own more than 25% of the total coin supply, which accounts for +25 billion Ripple's. I'm sure a fraction of that can make Coinbase still list it.

I can't blame Coinbase if they end up doing it eventually, it's a business so it has to please itself and the shareholders, and Ripple has the wealthiest backers in the market.

The good old times where Bitcoin and Litecoin were the main pairs are over, but it shows progress in this entire industry. I'm happy how things move forward. I just hope that the competition doesn't just keep staring at how Coinbase constantly pushes itself to the next level. The larger it grows, the more centralized this market becomes, and thus the more MtGox's scenario (in crash terms) is becoming part of the picture again in case something goes horribly wrong.

I'm really doubting whether this is the most needed thing in coinbase right now.

Their customer support last year was atrocious, and as soon as the volumes started to go up, their entire customer support system just completely went to snail-speed, leaving a lot of people with problems unresolved for weeks before any response.

Instead of focusing solely on the security and the amount of coins they are listing, maybe fix the customer support issues that they had last year first?

I dont believe that Mtgox scenario would happen this time or the thing you say about crashing but its possible but on really slim chances. When we do becomes centralized then expect it would really be hard to insert in those failures. I didnt expect that Coinbase would able to come to the point on where it was heading but same as you said we are happy how things move forward yet confidence is building up and might be an eye opener when it comes to adaptation.

Yeah. A lot of people were waiting for Coinbase to add XPR, and some people spreading rumors, people started to buy and speculate on the XPR price after Coinbase adds it. As a result, instead, they got the big NO from the company.
However, for money, I am sure they will be ready to start to think about adding it. At the same time, an exchange without Ripple is  :D

There are rumors that coinbase would even list ZRX. lol. But for XRP,people are spreading more than just rumors. But then again,it is just normal crypto things. :D

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They claimed that they listed Bcash because the community wanted them to. lol ::)

It was free money. Coinbase would be the easiest way to get rid of it. Why not? On top of that Coinbase were in charge of a huge amount of it that their customers couldn't otherwise access.

However there was something deeply off about the entire launch process. I don't know what their agenda was but whatever it was wound up making them look like creeps.

Really? But isn't that how every crypto exchanges behave? Creepily do shit from behind and fuck up people's life by saying nothing about anything. I found something that may relate to what you're talking about : https://techcrunch.com/2017/12/20/coinbase-bch-bitcoin-cash-api-reddit/

Places like Bitstamp gave people plenty of notice and got rolling exactly when they said they would. It's not hard and it's a courtesy customers deserve. But yes there's a long history of nefariousness when it comes to coin launches and delistings too.

I'd expect it from somewhere like Yobit, not Coinbase which is dripping with NYSE and other VC money. Can you imagine the public outrage if a conventional stock exchange had handled a launch like that? They'd be fucking crucified and probably have broken multiple laws too.

Coinbase showed themselves up big time and it shouldn't be forgotten especially since they're gunning to be the supreme crypto presence.

There were constant rumors and "guarantees" about coinbase crediting their customers BCH by January 2018,way back in August 2017 itself. And they credited the users in December 2017(?).

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I don't think a lot of people even cared/know about the creepy behaviour by coinbase. They have already put too much trust in them,I am just waiting for it to blow up on their faces. ::)

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Conventional stock exchanges are way more shady than the crypto exchanges. Their tie-ups and all that crap is way too creepy,they are one of the main reasons for corruption,black market, manipulation that has caused all of us to be in a shit place and with recession all across. I would believe in poloniex more than the fucking stock exchanges.

Yep, it was more than rumors but it was funny. For example, on Twitter, all the XRP influencers swearing Coinbase will add it, and reply to you with arrogance if you said to them "no way"

I find the crypto world funny, it's like a soap opera, there is always a problem, a rumor or a drama to read about and it never ends

Don't forget the drama in this forum : https://bitcointalk.org/index.php?board=129.0
Although you got to love the butthurt XRP influencers. ::)

héhé, I rarely post on this section but this is one of my favorites in this forum. I like to read "Abuse of power by ..." or "<username> is a witch"
I usually wait to see a lot of posts in a thread I bookmark it, then after 1 or 2 days I just sit down with a coffee and start to read the whole thread

All life is a soap opera, but yes, crypto world is so unstable and not regulated yet, so every new change awake a lot of drama and attention. I am wander is it always going to be like that or the society will get calm about all this?

You should be happy that it is not regulated. Although exchanges and all the crypto offering services have updated their privacy policy and have started with regulation. Sometimes people overdo a lot of things in the name of regulation.

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You're seriously expecting people to be smart? People expected flying cars to rule across the world by 2018 and people here can't even open a door because they pull when it is written push. :-[