Messari: New Coinbase Listings Really Do Outperform Rival Exchanges

Crypto analytics provider Messari has compiled a report concluding that the fabled “Coinbase effect” — the popular belief that new token listings on Coinbase tend to outperform launches on other exchanges — is true.

Messari analyzed the performance of 28 new Coinbase listings over five days against 22 Binance listings, 19 FTX listings, 19 Gemini listings, 14 OKEx listings, and 11 Kraken listings over the same duration.

While the research found that listings on Coinbase had the highest average return at 91%, the effect was far from consistent. The 28 tokens performed anywhere from a 32% loss to a 645% gain after five days. By contrast, new tokens on other exchanges ranged from a roughly 25% loss to a 60% gain with the next best average gain overall for an exchange around 20%.

Coinness