Binance and Coinbase Altcoin Listing Differences Listed! Which One Has More Effect on Price? Here Are the Striking Results!
While stock market listings are very important for the relevant altcoins, there are big increases in prices. In these listings, the fact that the relevant altcoin is a memecoin ensures that there is a further increase due to the interest of investors.
At this point, while investors closely follow the listings of exchanges such as Binance and Coinbase, on-chain analyst Ai shared his analysis of Coinbase’s listing criteria and the path it followed.
Accordingly, while Coinbase added 34 altcoins to its listing roadmap in 2024, it was stated that seven of them were memecoins and constituted 20.58% of the total rate.
It was also stated that 71% of the altcoins listed by Coinbase have a market value of more than $500 million.
At this point, the analyst analyzed the differences and paths of Binance and Coinbase in listings and compared the listings of the two exchanges.
Accordingly, Coinbase has added a total of 34 tokens to its listing roadmap since 2024, while continuing its memecoin listings mainly with 7 memecoins after October. In contrast, Binance has listed a total of 14 memecoins since October.
Which Altcoins Do Binance and Coinbase Prefer?
According to the analysis, Binance mostly preferred Solana (SOL)-based memecoins in its memecoin listings, while Coinbase did not prefer SOL-based ones.
57% of Coinbase’s listings were Ethereum (ETH)-based altcoins, while 28.6% were Solana and Base-based altcoins.
Stating that another difference is related to the market value of the listed memecoin, the analyst shared that Coinbase lists altcoins with higher market values.
At this point, the analyst noted that the entire market cap listed on Coinbase exceeds $100 million, with 71% even exceeding $500 million, adding, “There doesn’t seem to be a small market cap token on Coinbase right now, like NEIRO/ACT listed on Binance.”
Pointing out that Coinbase listed after Binance, the analyst stated that, with the exception of DEGEN, other memecoins were listed after Binance and at least a month later.
Stating that Coinbase’s stance towards memecoins is cautious, the analyst said that it is relatively more conservative than Binance in terms of listing.
Listing Frequency!
Noting that since October, the number of Memecoins listed on Binance has been twice that of Coinbase, the analyst said that Binance’s stance on memecoin listing has become more open and positive.
“….Binance seems to prefer to actively list new tokens that are popular in the community, even if their market cap is low.”
Price Impact!
Revealing that Binance is more effective in this regard, the analyst stated that Coinbase’s listing effect is clearly lower than Binance.
*This is not investment advice.