SPS Should Be Listed On Coinbase Now
In this video, I cover a recent tweet from Coinbase CEO Brian Armstrong talking about regulation and new tokens. The basic argument he is making is that there are so many tokens launching every single day that it is basically impossible for Coinbase (or any exchange) to get regulatory approval on each and every one.
This would lead to a situation where any token could potentially be listed on Coinbase as it will operate similarly to a decentralized exchange - essentially just offering a platform for tokens to trade on. This could open the door for a much easier listing of SPS and I do think the team and DAO should pursue this as quickly as possible.
Of course, looking at this all from a bird's eye view there are going to be many scam tokens and rug pulls but hey - welcome to crypto! For legitimate projects out there like Splinterlands this would make ease of access to SPS in major markets like the US possible. That way, any kind of marketing the team does that leads to a new player wanting to buy SPS can be easily navigated by the new player as they may already have or can easily open a Coinbase account.
Let's hope we can make this happen in 2025!
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wishful thinking.
Regulatory hurdles are imposible, and no change have been implemented so far.
Any changes will meeting with year long legal battle.
I agree that it won't be easy, but if this is the direction we are headed it should be something the Splinterlands team is paying attention to.
I agree that it won't be easy, but if this is the direction we are headed it should be something the Splinterlands team is paying attention to.
Thanks for sharing! - @azircon
Thanks @azircon!
Thanks @azircon!
Thanks @azircon!
Exchanges aren't as strict as they were in the past, so if coinbase can list a lot of subpar stuff, I see no reason why it can't do so for SPS, but its probably a long shot
Nice one - sure Coinbase will be open to that seeing the variety of their tokens :-)
good video but surely we need validators first
Splinterlands is at an interesting place right now. Assets are super cheap. Take SPS for example it is getting close to half a cent once again. We are at 2 billiion plus tokens released.
Almost a billion tokens is locked up in DAO, Almost a billion is staked! And only 100 million tokens is liquid. At half a cent it is only around $500k
All it would take is one whale to buy up the whole float and pump Dec before the new set is released to kick off a major rally. Having an SPS listed on Coinbase would lit fire under the whole thing.
From your mouth to Brian's ears!
I wanted to lock in the most recent dip in real time, so I went crawling back to cryptodotcom with my fiat to swap USD to SPS. They didn't charge me a swap fee but the spread was kind of wild.
CDC price: 0.00613
Spot prce: 0.00573
Not the worst business... not the gymnastics to get this bridged back to Hive. Yeeeee Haaaaw! I'm all for a coinbase bump. We saw what happened with Hive when futures got listed on Binance and Kraken.
This very interesting to hear, I wish it comes faster enough. Looking forward to see more updates on this.
Its gonna be a major financial breakthrough if sps is listed on coinbase
If it was on coinbase we would see sps skyrocket in my opinion.