Cardano and IOG founder Charles Hoskinson has taken to Twitter to slam Coinbase for not including the project in its 2023 outlook report.
Hoskinson tweeted, “Not a single mention of Cardano. Pretty low and pretty sad. I honestly expected better..”
One community member brought out the fact that, unlike Solana, the crypto exchange does not maintain the most recent news under Cardano. “Is that Coinbase’s job to keep it updated? How come Solana has recent news?” he asked.
Stake pool operator and project manager Rick McCracken of DripDropz chimed in by claiming that the exclusion wasn’t deliberate after some Twitter users began jokingly alleging a massive plot to suppress Cardano.
In its report, Coinbase stated that although the FTX collapse has impacted investors’ confidence and has led to liquidity constraints all is not lost though.
According to the report, cryptocurrencies have transformed themselves into a globally important asset class with widespread commercial and investor appeal which needs “thoughtful legislation to encourage innovation and protect consumers.”
The trading platform predicted three key themes that are set to dominate the cryptocurrency market in 2023: high-end institutional investors looking for quality assets; new opportunities created by creative destruction; and comprehensive reforms that will usher in a new market cycle.
The 57-page document covers a variety of subjects, including Bitcoin mining, Ethereum upgrades, the L1/L2 market, stablecoins, and non-fungible tokens. However, Cardano and other altcoins are not mentioned [apart from ETH, of course].
Recently, Coinbase, an American publicly traded business that runs a cryptocurrency trading platform, produced a regulatory roadmap in order to assist financial authorities in the United States.
Cardano Community On Coinbase’s Delaying Tactics
The Securities and Exchange Commission [SEC] and the Commodities and Futures Trading Commission [CFTC] should categorize the top 100 cryptocurrencies as securities or non-security, as per a document published by Coinbase, one of the largest cryptocurrency exchanges by volume.
The trading platform thinks that by establishing a regulatory framework for cryptocurrency, stablecoin issuers, exchanges, and custodians will help with regulation.
That said, the exchange has come under heavy criticism from the Cardano community for being reportedly inactive with regard to Vasil’s hard fork.
Unlike other exchanges like Bitrue or Bitmart, Binance, and OKex which have already added the support of the hard fork, that went live on Sept 22, Coinbase has not launched the update mechanism yet.