Centralized Exchanges

Coinbase Debuts New Guide on its Top Crypto Picks with No Bitcoin Listed?!

Coinbase Top Picks List

Coinbase, the ETH fanboys

As many crypto lovers across the world know, many of the people over at Coinbase are ETH fanboys. They list Ethereum tokens faster than any other exchange, while other projects with separate blockchains typically wait longer periods.

Granted, there are points to this in Coinbase's favor. Since Coinbase is a US company, it's much simpler to list a smart contract on an existing blockchain seen as decentralized by the SEC than to list the coins of a separate project that are potentially not. 

Honoring Bitcoin?

Coinbase recently pieced together a short list of its ten "top picks." This is a highly controversial thing for them to do at a time like this in the world. Bitcoin is serving to be a valuable asset to the people of Ukraine currently. Obviously, it may just be the case that they're saying (Duh... invest in Bitcoin since its #1), but they should've included it.

It's just such an odd omission. While that may be their way of honoring Bitcoin, it's still confusing nonetheless. However, since they listed Stacks, which is a blockchain that is helping Bitcoin achieve smart contracts, it appears that this is their way of saying Bitcoin is an obvious investment. Not funny Coinbase!

Conclusion

This short guide pops through a notification at the top of the front page in the Coinbase mobile app. As a result of the placement of this, there's going to be a lot of retail investors reading this short "guide." 

In addition to leaving out Bitcoin, they made the strange decision of including coins like Gala Games and Axie Infinity. While blockchain gaming is an important sub-sector of the crypto economy, these aren't "essential" projects for people to invest in. 

There's nothing you can do better than your own research. Remember, the blue Coinbase App is different than Coinbase Pro. The blue app is the "main" app that has investor/portfolio tracking etc. It also happens to have much higher fees than Coinbase Pro. This guide does not appear anywhere in Coinbase Pro, which says a lot. Pro appeals to advanced traders, so they say. However, the interface, while geared to traders, is still fairly easy to navigate for noobs.

The point is: don't listen to Coinbase for your investments. There are some obvious picks on here that will likely succeed, like Ethereum, but the future is always uncertain. This is a media mess-up and most importantly, DYOR. 

Cryptohopper