Getting listed on Coinbase?

[ViralNation]

So I recently found a new project (Aella) that was invested in by Brian Armstrong of Coinbase.

Does this mean that it will list on coinbase?

or is that considered insider trading etc and not allowed

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[mk4]

If the article you've read says that it's' backed by Brian Armstrong, then it's backed by Brian Armstrong, not Coinbase.

With that said, it just shows that the project is not a scam(use-case is another thing), and there's more likeliness of it getting listed compared to 95% of existing projects. Don't get your hopes up though, there are dozens and dozens of non-scam(but pointless) projects that aren't being listed on Coinbase. Their standards are definitely higher than most exchanges.

[ViralNation]

So basically the coins that are listed on Coinbase are probably the safest coins to invest in?

Also if Brian Armstrong invests in a coin since hes the CEO of coinbase , if he were to list a coin he personally invested in on coinbase (im sure he has the power to do that) would that be considered like a conflict of interest / insider trading?

[mk4]

So basically the coins that are listed on Coinbase are probably the safest coins to invest in?

Not necessarily "safe". In fact, I personally think every single coin on Coinbase(besides bitcoin) is a bad investment. You do you, though.

Also if Brian Armstrong invests in a coin since hes the CEO of coinbase , if he were to list a coin he personally invested in on coinbase (im sure he has the power to do that) would that be considered like a conflict of interest / insider trading?

Not sure, but probably? I guess the decision of listing coins doesn't go through Brian Armstrong alone; but I'm not sure.

[HCP]

So basically the coins that are listed on Coinbase are probably the safest coins to invest in?

No. There are plenty of examples of coins being listed on the "big" exchanges that have "crashed and burned" and are now mostly worthless...

Also if Brian Armstrong invests in a coin since hes the CEO of coinbase , if he were to list a coin he personally invested in on coinbase (im sure he has the power to do that) would that be considered like a conflict of interest / insider trading?

It's definitely not insider trading. Insider trading is using private (aka "insider") knowledge to gain an advantage. Like for instance, say you worked at Company A and knew that Company A had just scored a massive defence department contract worth billions of dollars but the deal had not been publicly announced. Going out and buying as many shares as possible of Company A before the public announcement would be "insider trading".

It could potentially be a conflict of interest... for instance if Brian Armstrong could somehow "force" Coinbase to start massively promoting "Aella" to try and pump the price or something... but I don't see that being a very realistic scenario.

Given that it's public knowledge he is backing it... and also that he works at Coinbase... it would be hard to achieve anything like that without being publicly called out on it.

[ViralNation]

Okay so its public knowledge that he is backing the project, but I mean like if he lists it on Coinbase he's basically using his company to get a return on his investment right? Like im sure when he decided to announce it he had some plan to exit and get his money back, whether that involves listing it on the exchange that he owns. That is illegal right? Wouldn't it be the same as if I made an investment into a coin while having inside information that it will be listed on binance for example

[GreatArkansas]

I think you get to use in some big exchanges just like Binance where they list whatever shitcoins. Just like the shitcoins of Justin Sun, e.g. BitTorrent, or other shitcoins especially those altcoins that conducted on the Binance IEO which called Binance LaunchPad which most of those coins are already dumping. It is totally different from Coinbase, it's extremely difficult in Coinbase to compare to other exchanges.

[gentlemand]

Okay so its public knowledge that he is backing the project, but I mean like if he lists it on Coinbase he's basically using his company to get a return on his investment right? Like im sure when he decided to announce it he had some plan to exit and get his money back, whether that involves listing it on the exchange that he owns. That is illegal right? Wouldn't it be the same as if I made an investment into a coin while having inside information that it will be listed on binance for example

As far as I know there still aren't explicit insider trading laws about crypto exchanges. I presume there might be some sort of commodities law that may be able to be applied but I've never seen a case of it. Roger Ver publicly admitted to doing and said it was sometimes a good thing.

That's separate from securities laws which have been put into action multiple times in this area.

Coinbase's BCH launch was a total joke. It arrived out of nowhere and the price went ballistic. They conducted an 'internal investigation' and concluded they did nothing wrong. Funny that.

The main thing that would stop him from doing it would be threatening his own cred and pissing off his multiple investors. That might be enough to stop any silliness.

[TheUltraElite]

Okay so its public knowledge that he is backing the project, but I mean like if he lists it on Coinbase he's basically using his company to get a return on his investment right?

Not necessarily. An "Advisor" might not list it there or may list it there. What you can assume is that Coinbase is a partner in this project and might develop something new using that token.

Like im sure when he decided to announce it he had some plan to exit and get his money back, whether that involves listing it on the exchange that he owns.

Advisors have a lock in period. They will sell their stakes right when it ends and cash out. You will never even know when it happens. But again you can assume it is averaged at 2-3years after launch. Which means the more it gets delayed in being listed the worse price it will get once it get listed because one big whales just sold off. And this sale occurs both privately and publicly affecting the market.

That is illegal right?

How far is legality and cryptocurrency going together? All these 11years of crypto and ICO scams are under-the-table deals occurring, have you seen any big name being jailed for such acts? Its completely legal here. You are playing with your money here and they are ready to take it.

Wouldn't it be the same as if I made an investment into a coin while having inside information that it will be listed on binance for example

Again you can safely presume that he is an advisor here. Not just an investor. The big names are put in for their influence and in order to fool people into investing into these projects. Does it help the financing? Yes, apparently, these investors (<read "Fools") tend to forget their suspicions when a big name enters in as another investor. That big name is not actually an investor but an Advisor, like I explained above about lock in period.

[ViralNation]

So is it a bad strategy to invest in coins invested in by big names and big funds?

The reason i invested in this project is due to the investment by brian armstrong, y combinator, 500 startups etc, doesn't this mean it has a higher chance of increaseing in price and less chance for failurte?

[gentlemand]

So is it a bad strategy to invest in coins invested in by big names and big funds?

The reason i invested in this project is due to the investment by brian armstrong, y combinator, 500 startups etc, doesn't this mean it has a higher chance of increaseing in price and less chance for failurte?

The only people who decide the value are the buyers and sellers, not the backers. There are examples like Maxcoin, which was endorsed by Max Keiser, that died instantly.

Big name involvement looks good on paper and possibly increases initial visibility but it won't get you very far out of the gate.

[figmentofmyass]

As far as I know there still aren't explicit insider trading laws about crypto exchanges. I presume there might be some sort of commodities law that may be able to be applied but I've never seen a case of it. Roger Ver publicly admitted to doing and said it was sometimes a good thing.

That's separate from securities laws which have been put into action multiple times in this area.

Coinbase's BCH launch was a total joke. It arrived out of nowhere and the price went ballistic. They conducted an 'internal investigation' and concluded they did nothing wrong. Funny that.

in all fairness, this was when coinbase listed only 3 coins---BTC, ETH, and LTC. getting listed on coinbase was the holy grail for altcoiners. maybe there were some shenanigans at play but it was a ridiculously thin market in the middle of a bubble.

and it's true, there is no such thing as insider trading when it comes to cryptocurrencies. those laws may apply to security tokens and things like that, but not POW coins.

[ViralNation]

This is exactly my question though

If Brian Armstrong invests into a coin, obviously he would expect some sort of return right?
So he would wait and see and if it doesn't seem like it is generating a return, he knows that listing it on Coinbase is the easiest way to guarentee a return, so what is stopping him from just listing it?

[gentlemand]

in all fairness, this was when coinbase listed only 3 coins---BTC, ETH, and LTC. getting listed on coinbase was the holy grail for altcoiners. maybe there were some shenanigans at play but it was a ridiculously thin market in the middle of a bubble.

They had the opportunity to look all professional and polished as they moved on to another phase. Instead they played it worse than Gox on mushrooms. It's ancient history now of course but it really made them look like absolute penises at the time.

If I remember rightly there was about one hour of notice and then it started trading. And trading was suspended less than five minutes later. Maybe a week or two of notice would've driven the price mad but the opposite did the same too and screwed some customers big time.

So he would wait and see and if it doesn't seem like it is generating a return, he knows that listing it on Coinbase is the easiest way to guarentee a return, so what is stopping him from just listing it?

He has a board and investors to answer to. If he spent his entire life buying shitcoins in secret and then 'surprising' the market with his listing he would be ousted as an out and out hypester and someone with a steadier and less corrupt hand would be brought in. Customers would rapidly tire of it as well.

[ViralNation]

in all fairness, this was when coinbase listed only 3 coins---BTC, ETH, and LTC. getting listed on coinbase was the holy grail for altcoiners. maybe there were some shenanigans at play but it was a ridiculously thin market in the middle of a bubble.

They had the opportunity to look all professional and polished as they moved on to another phase. Instead they played it worse than Gox on mushrooms. It's ancient history now of course but it really made them look like absolute penises at the time.

If I remember rightly there was about one hour of notice and then it started trading. And trading was suspended less than five minutes later. Maybe a week or two of notice would've driven the price mad but the opposite did the same too and screwed some customers big time.

So he would wait and see and if it doesn't seem like it is generating a return, he knows that listing it on Coinbase is the easiest way to guarentee a return, so what is stopping him from just listing it?

He has a board and investors to answer to. If he spent his entire life buying shitcoins in secret and then 'surprising' the market with his listing he would be ousted as an out and out hypester and someone with a steadier and less corrupt hand would be brought in. Customers would rapidly tire of it as well.

Okay I kinda understand, but like also he bought the coin in public and there are even press releases showing his investment into creditcoin/aella, in that case doesn't that mean that he is kind of encouraging the public to also buy it?

[gentlemand]

Okay I kinda understand, but like also he bought the coin in public and there are even press releases showing his investment into creditcoin/aella, in that case doesn't that mean that he is kind of encouraging the public to also buy it?

It looks like it's a fintech project primarily. This is exactly in line with his stated desire of making the world more financially inclusive. There is a crypto attached but the investment went into the core company.

It's still an endorsement of sorts but if he'd bought coins directly that would be a different deal.

[figmentofmyass]

in all fairness, this was when coinbase listed only 3 coins---BTC, ETH, and LTC. getting listed on coinbase was the holy grail for altcoiners. maybe there were some shenanigans at play but it was a ridiculously thin market in the middle of a bubble.

They had the opportunity to look all professional and polished as they moved on to another phase. Instead they played it worse than Gox on mushrooms. It's ancient history now of course but it really made them look like absolute penises at the time.

i guess my expectations were low after the ridiculous ETH flash crash on gdax a few months earlier, all the outages during the bubble, and brian armstrong's posturing about bitcoin hard forks.

coinbase certainly ain't the CME or someone reputable like that.

If I remember rightly there was about one hour of notice and then it started trading.

that was probably their biggest mistake. they should have given more time for the order book to build up, especially given the bubble conditions at the time.

[ViralNation]

hmm team is saying there will be a major exchange listing by the end of the month.

what is the chance it will be coinbase considering the circumstances?

[gentlemand]

hmm team is saying there will be a major exchange listing by the end of the month.

what is the chance it will be coinbase considering the circumstances?

Coinbase have become shameless hookers just like everyone else. If it fits their listing framework - https://listing.coinbase.com/policy then it's conceivable but they may likely wait to see how it performs elsewhere for some time before considering it.

[sunsilk]

hmm team is saying there will be a major exchange listing by the end of the month.

what is the chance it will be coinbase considering the circumstances?

As this website's information.

https://angel.co/company/aella-credit/funding?inFrame=1

It says that Brian Armstrong is an angel investor with other investosr and the other articles that I have gathered for this project says that he's the co-founder. But this doesn't really mean that they will list it to Coinbase.

There is a chance that they will list as per protocols and requirements pass made by the whole Coinbase management and the standard link was given above my post.

Where have you been following the updates for this project? because I can't find a website to follow the entire development.