Coinbase Listed a New Altcoin Yesterday, But It Caused Major Controversy! Here Are the Details…

Coinbase, the largest cryptocurrency exchange in the United States, continues its altcoin listings at a rapid pace, and lastly, last night, it announced that it would list the altcoin ResearchCoin (RSC) on the Base network.

Following this listing news, the price of ResearchHub’s reward token, ResearchCoin (RSC), has surged, increasing by approximately 12% in the last 24 hours.

Coinbase’s listing of ResearchCoin has sparked controversy, with RSC expressing concerns on social media about a potential conflict of interest with Coinbase CEO Brian Armstrong.

ResearchHub is a project founded in 2019 by Coinbase CEO Brian Armstrong and scientist Patrick Joyce, which rewards scientists with ResearchCoin for publishing content.

While Coinbase’s listing of ResearchCoin sparked debates over interests, Coinbase made a statement on the matter from its official X account.

Coinbase flatly denied these concerns, writing:

“ResearchCoin has no affiliation with Coinbase.

ResearchHub is personally funded and co-managed by Brian Armstrong, which is separate and independent from his responsibilities at Coinbase.

Additionally, Brian Armstrong does not participate in Coinbase’s listing review or approval process.”

*This is not investment advice.