Coinbase is one of the world-leading exchanges has recorded the highest number of listing in 2021 as the exchange has a total of 139 tradable assets, which indicates a high volume of listing in this year 2021. This boom in the listing is traceable to the rise of new projects and platforms such as NFTs, Defi, and the metaverse which have made the entire cryptocurrency market increase in its demands and usability.
Ink: https://cointelegraph.com/news/listing-frenzy-coinbase-adds-nearly-100-crypto-assets-for-trading-in-2021
Ink: https://cointelegraph.com/news/listing-frenzy-coinbase-adds-nearly-100-crypto-assets-for-trading-in-2021
Coinbase used to be a Bitcoin-only exchange, but gradually started accepting other cryptocurrencies in order to expand its business model. The more crypto assets the company adds to its platform, the higher the profits will be. I think the main reason why Coinbase is listing new coins at an exponential rate is because it wants to compete with Binance. After all, Binance managed to become the world's largest crypto exchange in just 4 years since its inception. Competition is getting fierce day by day, so only those exchanges with the most trading pairs will succeed in the long run.
I'd say that most altcoins added by Coinbase are nothing but trash, especially when they're only driven by hype (like Shiba Inu). But as long as there's money to be made, nothing else matters. Crypto's always been about decentralization, so it should be able to survive with or without Coinbase. Just my opinion
