Coinbase Adds Ethereum-Based ‘De-Anonymizing’ Altcoin Project to Listing Roadmap

Coinbase has added a controversial “intel-to-earn” altcoin project to its listing roadmap.

On Monday, the top US crypto exchange placed Arkham (ARKM) on the path towards being tradeable on its platform in the future.

Arkham is an intelligence exchange where buyers can place bounties on specific pieces of information.

Information buyers will have exclusive access to the intelligence they purchased for 90 days. After that, the data becomes available to all users.

ARKM, the project’s native token, kicked off trading via Binance Launchpad last July and secured an investment from Binance Labs in November.

The de-anonymizing nature of the project whipped up controversy in the crypto community, with some developers accusing Arkham of being a “snitch-to-earn” or “dox-to-earn” service.

Arkham pushed back against those accusations in a statement, saying they don’t allow customers to buy off-chain personal information on their exchange.

“The purpose of the on-chain research community is to better understand market activity for trading purposes and to identify scams.”

ARKM is trading at $2.53 at time of writing. 171st-ranked crypto asset by market cap is down more than 3% in the past 24 hours.

Coinbase created its listing roadmap in 2022 to increase transparency and reduce the possibility of investors front-running new trading support announcements.

 

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