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Get Your Popcorn: Kraken Trolls Coinbase

Coinbase Competition

Exchange Kraken

Journalist

Sead Fadilpašić

Journalist

Sead Fadilpašić

About Author

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

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Last updated:

June 26, 2023

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In the crypto world, sometimes it’s hard to tell whether people are at war or just poking fun at the others’ expense. The situation with two exchanges Kraken and Coinbase is similar: following Coinbase’s announcement of adding five new coins – which caused their prices to skyrocket – Kraken decided to mock Coinbase.

Coinbase announced its plan to integrate Cardano (ADA), Basic Attention Token (BAT), Stellar Lumens (XLM), Zcash (ZEC), and 0x (ZRX). However, they emphasized that the company has not received the approval from regulators, including the US Securities and Exchange Commission, and that the announcement was released to publicly express the company’s intent towards integrating the five digital assets.

Kraken answered with a mocking tweet:

Perceived as a reply that just expressing your intent to integrate tokens is far from enough – or worthy of a big announcement – the community finds Kraken’s move pretty funny. However, one Twitter user points out that the last time Coinbase added a coin “in secret” – meaning without a big announcement – they got accused of insider trading – the case of Bitcoin Cash. And while Coinbase’s announcement may not mean anything for now, if they do gain regulator approval to list these coins, the way for other exchanges to do the same will be open as well.