What is the point of having Monero on coinbase?
Coinbase has some six million accounts - people who are happy having online wallets and trust them to be secure. Coinbase - much like they did/do with Ethereum - would actively market Monero to its existing customers. They would, in effect, do the marketing job for us. That could be huge.
- Coinbase have publicly stated that they would add new currencies this year.
- Fluffy was invited to give a presentation there earlier this year. By all accounts it was well received.
- The Coinbase product manager recently published a beginner's guide to Monero, just as she did for Ethereum a few weeks ago. This was written in conjunction with Coinbase engineers. Coincidence? Possibly, but unlikely.
- The Director of Engineering - Charlie Lee - at Coinbase has publicly stated he thinks Dash is a scam.
So
if Coinbase are gong to add a new currency and
if it's not Dash, what's left? Given the (admittedly few) pointers, I would suggest Monero is a good bet.
It is neither illegal to own, buy or sell Monero. If Coinbase have a couple more hurdles to jump selling Monero than they would otherwise have selling another currency, then so be it. It's not a big deal for them. My money is on Coinbase offering Monero in the not-too-distant future.
Edit: Just noticed that Brian Armstrong, CEO of Coinbase, tweeted the Guide to Monero referenced above. If that isn't a recommendation, what is?
