Coinbase, the leading US crypto exchange valued at just over $67 billion, is making round-trip online to introduce four-hour trading candles to the price charts.
The company’s Coinbase Advanced Branch announced its feature on Wednesday, teasing that weekly and monthly price candles are in the works. “You asked, we shipped out.”
However, this post quickly attracted backlash from X users who weren’t impressed with the notable exchange idea.
Read more: Coinbase claims that the token base you just launched is not actually a token at all
One user joked.Holy Molly is impressive. What is the next fullscreen mode?“Ironically, I said, “It’s something innovative.”
Others asked, “Who approved this post?” and reasoned, “This must be a joke.”
Some expressed surprise that billion-dollar market cap companies have yet to implement weekly and month’s candles.
Coinbase’s S&P 500 arrival did not help with candle discourse
Yesterday, Coinbase became the first crypto company to join the S&P 500. The S&P 500 is a database that tracks the stock prices of approximately 500 top performance companies trading on US stock exchanges.
However, this has proven even more interesting for some.
Posted by 1 user. “(Coinbase) deserves its place with all the other dinosaurs and S&P that take six months to add a button,” another user said.Celebrating small victory is always importanteven at S&P 500 companies. ”
Coinbase CEO Brian Armstrong may not be plagued by candle rebound as he is busy lobbying US lawmakers to vote through the Stable Coin bill.
The genius act failed to win enough votes to move on to the next stage last week, attracting criticism from Democrats worried about President Donald Trump’s Cryptoventures.