May 21, 2022
Bitcoin analyst Sam Callahan highlighted how the largest US crypto exchange markets altcoins to its customers despite their performances against bitcoin.
Callahan further pointed out how Nasdaq-listed crypto exchange recommended AXS over BTC two weeks AFTER its Ronin Bridge suffered a $625 million hack.
Coinbase’s top 10 picks are down an average of -37% against the leading cryptocurrency bitcoin.
Coinbase promoted LUNA to its investors back in February.
The largest US crypto exchange only had four cryptocurrencies outside of bitcoin back in 2017, today it lists over 160 coins.
Crypto exchanges usually make a lot of money off of listing fees and hence market altcoins more than bitcoin.
Should crypto exchanges be held responsible for marketing risky altcoins?