What are the potential consequences of Coinbase delisting XLM for the Stellar community?

3 answers

• Nov 26, 2021 · 3 years ago
  If Coinbase delists XLM, it could have a significant impact on the Stellar community. Coinbase is one of the largest and most popular cryptocurrency exchanges, and its decision to delist XLM could lead to a decrease in trading volume and liquidity for the token. This could make it more difficult for Stellar holders to buy and sell XLM, potentially impacting the price and market value of the token. Additionally, Coinbase's delisting could also result in a loss of credibility for XLM, as being listed on a major exchange like Coinbase is often seen as a sign of legitimacy and trustworthiness.
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• Nov 26, 2021 · 3 years ago
  Well, if Coinbase decides to remove XLM from its platform, it might not be the end of the world for the Stellar community. While Coinbase is a popular exchange, there are still many other exchanges where XLM can be traded. The Stellar community can continue to use these alternative platforms to buy and sell XLM. Moreover, delisting from Coinbase doesn't necessarily mean that XLM will lose all its value. The Stellar network and its technology will still exist, and its success depends on its adoption and real-world use cases, rather than just being listed on a single exchange.
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• Nov 26, 2021 · 3 years ago
  As an expert at BYDFi, I can say that if Coinbase delists XLM, it could have both positive and negative consequences for the Stellar community. On one hand, it may lead to a short-term decrease in XLM's price and trading volume. However, it could also encourage the Stellar community to explore other exchanges and decentralized platforms, which could ultimately increase the token's decentralization and resilience. Additionally, the delisting could prompt the Stellar community to focus more on building partnerships and real-world use cases, rather than relying solely on exchange listings for validation.
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