Coinbase to add altcoins to its platform. Is this a threat to smaller exchanges?

[juwon55]

Coinbase out with an "all clear" signal to add alt-coins to its platform. In a release this morning the crypto exchange said it will be: "Offering more crypto assets, quickly — we see hundreds of cryptocurrencies that could be added to our platform today and we will lay the groundwork to support thousands in the future." In the past, a Coinbase listing has been the jet propulsion alt-coins needed to scream higher.

Bitcoin Cash, Ethereum Classic and 0x all more than doubled in value after the announcement was made they'd be added to the mix. This could light a fire on alt-coins once Coinbase "quickly" moves forward with it plans. Coinbase historically doesn't rest on its laurels; when they say "quickly", it might also interpreted to mean "imminently".

Do your own research. This is not financial advice. Smaller exchanges must be terrified, except for the decentralized trading platform that runs a different ball game from that of Coinbase’s centralized platform, I see merger activity being reported among lesser-tier centralized exchanges & this is natural. Coinbase throwing the gauntlet down & listing "hundreds" of coins soon and "thousands" someday will no doubt render scores of tiny exchanges useless - if that's not already an oxymoron. This week a Canadian exchange said all its $6 million in assets were pilfered and funds wouldn't be restored. Coinbase will sweep up this low-hanging fruit like a vacuum.

[St4yInTh3D4rk]

I am not sure they are going to much more altcoins into their trading platform but if they do then it will affect the smaller exchange but it will greatly increase the market cap by making more investors to the new coins because where trading is much more easier than other exchanges.