As of today, Coinbase (NASDAQ:COIN) has 139 tradable assets. The exchange added a whopping 83 assets to its trading list in 2021, nearly double the number of assets it had accumulated in the eight years since its founding.
Is this rapid expansion a simple cash-grab? Are any of these lesser-known tokens and coins securities? Is this irresponsible or overly ambitious? What does this rapid expansion of assets by Coinbase mean?
Stephen J. Mesa is the unofficial “ambassador” of Cointelegraph Markets Pro. He is a commercial sales manager of lawn and leisure at John Deere (NYSE:DE) Equipment, with 16 years of experience as a real estate market analyst and 10 years designing and installing custom car audio and alarm systems.