The Coinbase Exchange is a staple inwards the virtual currency manufacture as well as a production of the fellowship amongst the same name, Coinbase.
At to the lowest degree it was, they innovation on re-branding to an acronym. They volition before long locomote self-titled equally GDAX which is curt for the “Global Digital Asset Exchange" as well as hence that they tin offering other currencies. We suppose amongst all of these "other" currencies called "coins", the "coin" inwards "Coinbase" simply wasn't apparent plenty as well as hence straightaway they volition locomote the ultra-clear as well as descriptive: G-D-A-X
“In add-on to improve highlighting the central that Coinbase is becoming we’re rebranding equally GDAX, which stands for Global Digital Asset Exchange.
That doesn’t hateful we’re going to add together xv novel currencies over the coming weeks, but we’re paying attention.” - Adman White, Coinbase
Weird.
There's a logo too. It's weird equally well.
So locomote prepared, the Coinbase central volition straightaway locomote the awkward as well as unpleasant GDAX which sounds similar a laxative for senior citizens as well as at to the lowest degree i other coin, Ether, may before long detect its means for sale on the central formerly known equally the Coinbase Exchange. Given Ether's functioning of late, it is unlikely that was a deciding factor.
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