What are the reasons why Coinbase does not support buying Shiba Inu?

5 answers

• Dec 16, 2021 · 3 years ago
  Coinbase does not support buying Shiba Inu due to the high risk associated with this particular cryptocurrency. Shiba Inu is an altcoin that was created as a meme token and has gained significant popularity recently. However, it lacks a clear use case and has a highly volatile price. Coinbase prioritizes the safety and security of its users' funds, and therefore, they have decided not to list Shiba Inu for trading.
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• Dec 16, 2021 · 3 years ago
  The decision of Coinbase not to support buying Shiba Inu is likely based on their strict listing criteria. Coinbase has a rigorous evaluation process for adding new cryptocurrencies to their platform. They consider factors such as the project's team, technology, market demand, and regulatory compliance. Shiba Inu may not meet these criteria, leading to its exclusion from Coinbase's offerings.
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• Dec 16, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can say that Coinbase's decision not to support buying Shiba Inu is a wise one. Shiba Inu is a highly speculative and risky investment. It lacks a solid foundation and real-world utility, making it susceptible to pump-and-dump schemes and market manipulation. Coinbase aims to protect its users from such risks by carefully selecting cryptocurrencies with strong fundamentals and long-term potential.
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• Dec 16, 2021 · 3 years ago
  Coinbase, like any other exchange, has the freedom to choose which cryptocurrencies to support. While Coinbase may not currently offer Shiba Inu, there are other exchanges that do. Users who are interested in purchasing Shiba Inu can explore alternative platforms that list this cryptocurrency. It's important to do thorough research and consider the risks before investing in any altcoin.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a digital currency exchange where I currently work, does support buying Shiba Inu. We believe in providing our users with a wide range of investment options. However, it's important to note that investing in Shiba Inu or any other altcoin carries inherent risks. Users should always exercise caution and conduct their own due diligence before making any investment decisions.
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