#steem

Any idea why Steem is not on Coinbase yet?

Coinbase just announced they have over 30 million users.

A massive milestone for any exchange, let alone a cryptocurrency exchange.

In fact, that 30 million number is more users than even Fidelity (roughly 27 million users), which just so happens to be the largest brokerage in the US.

In fact, Coinbase now has more users than E'trade, TD Ameritrade, and Charles Schwab... combined! Those three have roughly 28 million users combined.

Keep in mind those are the 4 largest brokerages/exchanges in the US, and Coinbase bests them all.

Coinbase just keeps on growing...

Coinbase said they added 5 million users in just the last 10 months.

For some perspective, they basically just added an entire E'trade in the last 10 months (E'trade has 5 million users).

(Source: https://twitter.com/alistairmilne/status/1153312781573218307)

Many thought their glory days were behind them after their growth rate seemed to slow in early 2018, however, with the bitcoin resurgence, it appears they picked right back up where they left off in terms of new accounts.

Why in the world is Steem not listed on there yet?

That is a serious question.

They are one of the largest (if not the largest) exchanges in the world in terms of number of users.

They seemed to favor coins that did not go through the ICO process, which steem did not.

Plus they seem to be open to adding more and smaller market cap coins now judging by some recent additions.

On top of all that, they have recently launched the Coinbase Earn program to help users learn about different projects while compensating them to do so.

Something that seems to be right up steem's alley considering steemit.com is its largest and most popular app.

I have contacted Coinbase numerous times personally about getting steem listed on there and I know several of my friends have as well... but am still unable to receive a legitimate reason why it is yet to be added.

So... @steemitblog @birdinc @elipowell @andrarchy @justinw @roadscape @vandeberg @gerbino @ned do you know why we are unable to get on Coinbase thus far?

Can we make this a priority in the near term if it hasn't been?

Stay informed my friends.

-Doc

Comments · 18

@tuck-fheman(75)· 2588d
The answer is ... blame Asiff Hirji (formerly of Coinbase).
@arcange(79)· 2589d
Congratulations @jrcornel! Your post was mentioned in the Steem Hit Parade in the following category:
- Comments - Ranked 7 with 50 comments
@corndog54(53)· 2589d
WTF COINBASE?????
@bigram13(75)· 2589d
Well they probably have watched whale problems, and then our CEO say well thats all folks, and then try and come back.
@metzli(68)· 2589d
I would buy steem more often if it was offered on coinbase.

Right now, I buy litecoin and transfer to steem. Because I don't want to pay a lot for exchange rates, I don't buy unless its $25 or $50 at a time.

If steem was on coinbase, I would let myself buy at least $5 every week. Every time I felt like having a coffee and didn't, I would buy steem.
@nextgen622(76)· 2589d
Couldn’t agree more. Steem is such a perfect fit for Coinbase and the Coinbase Earn Program. Have you tried contacting @elipowell or @andrarchy about this?
@newageinv(74)· 2589d
I had thought it was due to their thoughts and hesitation for DPOS based blockchains but after listing EOS, I wonder what has not allowed them to get to the next stage as now even nodes are less expensive thanks to the efforts of the Steemit engineers. Let's see what lies ahead as they may be awaiting for the upcoming Hard Fork first.
@chesatochi(73)· 2589d
Maybe the pre-mined tokens are too concentred and the high inflation of steem does not help.
@ozphil(66)· 2589d
The listing page https://listing.coinbase.com/ on Coinbase says:

No application fees

For digital assets that meet our standards, we don’t want application fees to be a barrier.
@julisavio(70)· 2589d
Greetings, @jrcornel

I dont know to much about this man, but, i think, it can be happen if steemit staff people make more propaganda

thank you and have a good night!!!

#palnet #zzan #sct
@condeas(68)· 2589d
Coinbase is not the measure of all things. Good for Coinbase that it has so many users, I will leave Coinbase. The following message is the occasion.
@thales7(65)· 2589d
Fully agree.

Posted using Partiko Android
@michaeljn(68)· 2589d
Agreed. There are so many "little" obvious steps that @steem and also even @steemit seem to have missed on the journey to mainstreaming @steem and @steemit wish someone could just take the ball and run with it already. @steem should really be much closer to the top 10. 20 even 50 at least since there are other coins and tokens that somehow rank higher which have no use case and no community but somehow rank higher than our beloved @steem. 😐
@masterthematrix(61)· 2589d
Maybe the reason is that Steem didn't had a seperated wallet from the condenser site Steemit.com I heard it was one of the problems why exchanges had problems to add Steem. But I agree there is huge potential in bringing Steem to coinbase, lets keep on trying!

Posted using Partiko Android
@preparedwombat(79)· 2589d
@steemitblog asked where people thought Steem should be listed next:

https://steemit.com/steem/@steemitblog/exchange-report-steem-deposits-re-enabled

As far as I can tell, no response to all of the people who responded Coinbase.

But my browser seems to be having trouble displaying the entire comment section for that post.
@yabapmatt(72)· 2590d
I agree that things like this should be Steemit Inc's highest priority. They will make more money getting STEEM on Coinbase than they will make through advertising in 20 years.
@ew-and-patterns(71)· 2590d
Coinbase wants payment for listing.
@lunaticpandora(70)· 2590d
We need to go viral.