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No they don’t. You trade with other users not coinbase directly
by hmate9 4y ago
No they don’t. You trade with other users not coinbase directly
- aqme28 4y agoCoinbase almost definitely acts as a market maker as well. I would be very surprised if they didn’t at least seed the order book a little before listing new pairs.
- Tenoke 4y agoFurther, Coinbase often lists some new assets on Coinbase earn where it gives them for free to users.
- scld 4y agoThe definitely do act as a market maker. This is probably just them getting some liquidity before listing. With Mina they literally announced such a thing. https://twitter.com/CoinbaseAssets/status/1506717122499596297 https://twitter.com/CoinbaseAssets/status/150671712249959629...
- dahfizz 4y agoDo you have evidence that Coinbase doesn't provide liquidity for it's tokens? It's a pretty safe assumption.
- ricardolopes 4y agoThat's not how coinbase operates. You have a "Buy <Coin>" button, and you expect to get that coin without fail, every time. If a new token launches, you should be able to buy it without waiting for users to deposit and sell. Maybe you're confusing with coinbase pro, which uses the more traditional order book model, or with other exchanges?
- wc- 4y agoCoinbase adds new assets to the pro option first, establishes a market, and then adds to the retail Coinbase "buy button" app. When a user hits the retail Buy Coin button, the internal market maker fills the order against the coinbase pro's order books.
- vmception 4y agocrypto exchanges are all over the place regarding this its not pretty