Published: 2018-10-30 17:33:39
Will Electroneum (ETN) Get Added to Coinbase
Coinbase, one of the largest crypto exchange platforms in the world, also functions as a mark of excellence for new cryptocurrencies – getting listed on this platform gives cryptocurrencies more credibility.
Electroneum (ETN) is set to become one of the newest cryptocurrencies to feature on Coinbase, and there are several good reasons behind this. Here is an insight into some of these reasons:
ETN Complies With KYC Standards
Cryptocurrencies are designed to solve underlying problems that challenge fiat currencies. To this end, stakeholders expect any cryptocurrency’s founders to know their clients intimately as this nurtures trust and helps prevent fraud. To this end, Coinbase has a Know Your Client (KYC) standard that each of its listings has to meet.
Electroneum has developed from a concept to a growing movement seeking to cater to the developing world’s mobile users. It has a lot of information on this and has set up bases around the world in a bid to keep in touch with its potential customer base.
ETN Is Compliant With The Law
Concerns have been raised concerning the security of cryptocurrencies. To this end, crypto exchange sites such as Coinbase are required to meet certain legal requirements. In turn, they require cryptocurrencies listed on their platforms to meet certain legal and operational requirements as well.
Electroneum is built on a factual business model that is expected to grow into a vast market in the near future. To this end, it would contribute positively to Coinbase’s legal operations including anti-money laundering laws. In fact, ETN may climb up the ranks to become one of the most notable cryptocurrencies on the platform and even in the industry as a whole.
ETN Is Easy to Upgrade and Scale
Electroneum is venturing into a market that has at least 350 million potential customers. It will need to be scalable and upgradable if it hopes to keep up with the numerous challenges and additional requirements that may come up over time. This is catered for in several approaches including enabling customers to mine ETN coins through their phones, easing transactions, and integrating API and e-POS systems, among others.
Coinbase requires that all cryptocurrencies listed on its platform be scalable and easy to upgrade. This ensures that the coins can pay for their future bills and easily overcome any challenges that may compromise users’ experience.
ETN Has a Large Market of Potential Customers
Electroneum was founded with the ultimate goal of making the digital market easily accessible to smartphone users in the developing world. This will in turn help to alleviate poverty and expedite development by presenting an alternative financial system to these nations.
It is estimated that there are over 350 million people using smartphones in the developing world, and Electroneum is poised to carve out a fraction of this market. The company already has over 2.5 million users from all over the world. However, its analysts estimate that it may attract as many as 100 million customers over time as it expands its services. What’s more, Price Waterhouse Coopers estimates that the company could unlock a market potentially worth over $3 trillion.
Considering all the financial opportunities available to Electroneum, Coinbase will be more than glad to list it on its platform as this may help expand its customer base and boost liquidity.
The views and opinions expressed in the article Electroneum (ETN) Token Investors Making the Case for Coinbase Listing do not reflect that of 48coins.com nor of its originally published source. Article does not constitute financial advice. Proceed with caution and always do your own research.