Coinbase’s announcement of new token listing draws criticism after speculation of insider trading emerge

Coinbase received flak from crypto enthusiasts for deciding to list low-capital crypto while ignoring good projects.
Some social media users suspect insider trading by Coinbase employees making a huge profit from the announcement.

On Tuesday, April 12, crypto exchange Coinbase announced its roadmap for the quarter of April-June. Besides, it also shared a list of crypto tokens that the exchange is looking to list in this quarter. The roadmap includes listing 45 ERC20 tokens on the Ethereum network and 5 SPL tokens on the Solana network.
Read More: Coinbase announces assets under consideration for listing in Q2 2022, reveals plans to increase transparency
However, the exchange has received strong criticism from crypto market proponents who argued that Coinbase’s listing plans include several low-capital and meme coins. Several social media users questioned why Coinbase choose to ignore some emerging and popular projects such as Fantom (FTM) and Ripple (XRP).
Note that Ripple’s XRP

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