In an interview with CNBC, Coinbase co-founder and CEO Brian Armstrong discusses how bitcoin and other cryptocurrencies are becoming Stock Market 2.0. Armstrong also notes that Coinbase will be adding several new cryptocurrencies in 2018 to go along with the three they currently offer — bitcoin, ethereum, and litecoin. That means, we can soon buy altcoins with fiat money (USD, EUR, etc) and don’t need to purchase Bitcoin first in order to buy altcoins. This also means, alot more people will probably buy altcoins with Fiat Money, because its alot more convenient to buy the altcoins with Fiat than with BTC. Altcoins will get alot more market exposure, when that happens.
This is important in that buying cryptocurrencies on exchanges like Binance can be complicated for the cryptocurrency novice. Coinbase simplifies buying cryptocurrency by allowing a user to deposit money with credit, debit or bank transfers.
Coinbase attracts alot of Customers and Altcoins being added to this Exchange can be a true gamechanger and altcoins will gain alot more exposure.
Investors are currently speculating on what coins Coinbase might add in an effort to buy-in before the masses. Popular speculations are: Bitcoin Cash, Monero, Dash, Ripple, and Iota.
