Back on August 6th and again on September 24th, I wrote about what I call the Coinbase 5. The Coinbase 5 are the 5 cryptocurrencies that Coinbase Tweeted about back in July. Those 5 cryptocurrencies were being ‘considered’ for addition to Coinbase’s exchange. That was a heads up from the most finicky but arguably the most important cryptocurrency exchange out there. What makes up the Coinbase 5? These are: Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC) and 0x (ZRX). But now we have the Coinbase 4 – because ZRX just got added to Coinbase.

ZRX on Coinbase

A couple days ago I posted about 0x (ZRX) possibly being an indicator of alt-coins leading a rally. I also discussed the ‘rumors’ and ‘evidence’ for ZRX being added to Coinbase in the near future. Well, that near future happened two days after that post. Earlier today, at around 1100 CST, Coinbase tweeted this:

Now that kind of announcement was unexpected – there were certainly no hints as to when it was going to be listed. Previously, Coinbase has given a heads-up. This is a big deal, folks. Especially if you’ve been holding onto the Coinbase 5… er Coinbase 4.

 

Which is next? ADA? XLM? BAT? ZEC?

I think we could see a rapid addition of some coins on Coinbase. They already released a presser on September 25th that indicated they were making additions to their platform a quicker process. So it makes sense that some of the first new additions to Coinbase will be cryptos that they have already (presumably) completed their due diligence on. But which one is next? That’s hard to say. Personally, I would love to see Cardano next – I’m a perma-bull with Cardano. But to be honest, it’s got to be BAT or XLM. BAT has the Brave browser released and the tech/infrastructure for their token advertising process is active, but not yet live. I think XLM has the highest probability of being added next.

 

Why I believe XLM will be added next.

Coinbase is a bigwig in the institutional ownership side of cryptocurrencies – it’s a big player in finding non ‘shitcoins’ to add to its platform (I still wonder why Bitcoin Cash is offered). Some of the more obvious conditions for listing on Coinbase seems to be the condition that the crypto has ‘something’ or is ‘doing something’. To be clear: I have no idea what criteria cryptos have to abide by for listing on Coinbase. But if you look at Bitcoin, Ethereum, Bitcoin Cash (blegh), Ethereum Classic and Litecoin, you can see they have use and work and have some important partnerships outside of just the cryptocurrency speculation markets. So how does that apply to XLM?

Because XLM has a partnership with one of the most important companies on the planet: IBM. XLM also just launched its SellarX platform. What is StellarX? Oh man, it’s awesome. I’ve actually been using it since beta. It’s a peer-to-peer marketplace – so no broker fees, no middlemen, just you looking to buy something at a certain price and someone willing to sell it to you – with no middleman taking a fee. And it’s fast and free – according to their website, they actually refund the network fees and even return Stellar’s automatic 1% APR to their users.

But here’s the kicker: they plan on adding everything to be traded on their platform. Stocks, bonds, commodities, forex, futures, etc. You want to talk about a market disrupter? This is it. I can’t think of any other cryptocurrency out there that would be deserving of or meet the stringent criteria of Coinbase than Stellar Lumens.

 

 

 

Disclaimer: I am long BTC, ETH, LTC, XLM, ZEC, ZRX, ADA, BAT