Listing obscure coins on Coinbase - whats the catch?

The American cryptocurrency exchange Coinbase announced its plans and presented its development plan for the near future. The list of actions includes the listing of about 50 digital coins operating on the Ethereum and Solana network.

The audience reacted with lightning speed and mostly negatively. Users have noticed that Coinbase is going to list coins with a dubious reputation. These included coins with a very low cost, frankly frivolous and unpromising coins.

In turn, Coinbase said that such a move is an attempt to make contact with the audience more transparent.

As practice shows, the news about the listing and the addition of some coin to a serious exchange lead to an instant jump in its value. However, in the case of Coinbase, the effect was just the opposite. Investors and users were not very impressed with what was happening,

The reaction of the crypto market is quite understandable - instead of promising and proven coins, users saw no-names.