A massive hype burst out with the announcement that came out around 30 days ago on September 25th, when one of the biggest exchange markets in the blockchain space announced opening listing submissions for all cryptocurrencies likewise.
The only “catch” there is that all cryptocurrencies, in order to get an official listing, will need to go through the strict policy of rules dictated by Coinbase in accordance with Digital Asset Framework.
Moreover, all cryptocurrencies that are hoping to see a listing on one of the major exchanges in the market will need to specify a reason which is “clear and compelling,” in the sense of having a solid good reason why the digital asset should exist, where the main reason shouldn’t be “fundraising.”
Other factors that could make or break a currency when it comes to getting listed on Coinbase is supply, strong demand, trading volumes, and of course not to be forgotten, all assets that are aiming at getting listed should be 100% decentralized.
Many crypto enthusiasts have already started with guessing which cryptos will be the first ones to get listed on Coinbase and many fingers are pointing at TRON and for all justified reasons.
TRON is proud of its decentralization, especially now when the currency declared the Independence Day for TRON and Tronics around the globe, alongside with the release of TRX mainnet.
Is TRON Preparing a Submission Form for Coinbase Listing?
TRON might be one of the most active (perhaps even proactive) cryptocurrencies in the market when it comes to new projects, updates, and partnerships.
That is how besides from working on attracting new Dapp developers to TRON network since the release of TVM, TRON foundation is also working on one of the most talked-about projects at the current moment, Project Atlas.
Project Atlas includes a major data sharing platform, BitTorrent, bought by the CEO of TRON foundation months ago, and as the project is still in the development phase, everyone seems to be looking forward to having TRX tipping enabled through one of the biggest data sharing services on the internet.
TRX also makes up for the 11th largest currency in the market, which is a flattering title by itself, with more room to grow and progress in the market with the upcoming changes, projects, and developments.
However, as Coinbase announcement seem to have blown away the storm of active market dips, everyone is speculating that TRX is definitely getting a listing.
Even though TRON wasn’t mentioned in the previous statement regarding several highlighted currencies that are being considered for listing on Coinbase outside the regular listing submissions, there are lots of positive speculations that TRX is getting listed on Coinbase in the following months.
Some Redditors are betting that Justin Sun has already filled the submission form for TRX listing on Coinbase.
How Coinbase Could Affect TRON if TRX Gets a Listing?
Of course, one of the biggest exchanges in the market would most definitely indicate at least an instant or near-instant price boost after the listing announcement of any listed currency, in this case potentially TRON.
After the hype is over, the benefits of having a listing on Coinbase don’t end with a hype-driven price pump, as TRON would get an increased exposure to millions of registered users many of which are daily, active traders. Moreover, TRON might enjoy in a regulatory ecosystem that Coinbase represents, as the exchange complies with regulations imposed on cryptocurrencies.
Consequently, a higher price per one TRX unit can be further established even outside the hype thanks to the large pool of investors on Coinbase that might be interested in investing in TRON as one of the most prominent cryptocurrencies.
Coinbase is also said to be looking at the trading stats of the potentially listed cryptocurrencies, so given the fact that TRON in one of the most recent cases even managed to get past Ethereum (ETH) in trading volume, TRON might have more than a solid chance for getting a listing.
Of course, there are no clear confirmations from Justin Sun or any other official from TRON regarding the status of making an official submission for getting a Coinbase listing for TRX.
But in case, TRX is submitting the listing form, the currency is more likely to get accepted judging by its capabilities and performance.