- Coinbase added a four-hour trading candle to its advanced trading platform, drawing widespread criticism online.
- Social media users mocked the update, citing the delay in adding what they considered a basic charting feature.
- Coinbase plans to add weekly and monthly price candles soon, according to its announcement.
- The exchange recently joined the S&P 500 index, further fueling jokes about its development pace.
- Coinbase CEO Brian Armstrong is currently lobbying for stablecoin legislation as related crypto bills face challenges in Congress.
Coinbase, a leading U.S. cryptocurrency exchange valued at over $67 billion, has introduced a four-hour trading candle option on its advanced trading charts. The update, announced Wednesday, aimed to offer more granular tracking of price movements for users.
The company confirmed that it will also add weekly and monthly candles in the near future. Coinbase promoted the new feature as a response to customer requests, stating, “You asked, we shipped.”
Despite the announcement, responses on social media were overwhelmingly critical. Several users expressed surprise that a prominent exchange like Coinbase is only now adding what they see as standard charting tools. One user commented on X, “Holy moly impressive. What is next, full screen mode?” Others labeled the update as “revolutionary stuff” and questioned who had approved the public announcement, with some stating, “This must be a joke.” Some were surprised these features were not already available, especially weekly and monthly candles, given the company’s market valuation.
This update came shortly after Coinbase became the first crypto company to be included in the S&P 500, a well-known U.S. stock index that tracks around 500 leading public companies. The timing prompted further jokes from social media users, with one commenting that Coinbase now belongs among other companies that “take 6 months to add a button.” Another user remarked, “It’s always important to celebrate small wins, even for an S&P 500 company.”
Meanwhile, Coinbase CEO Brian Armstrong continues to focus on regulatory matters. Armstrong is lobbying U.S. lawmakers to advance a stablecoin bill. The GENIUS Act, meant to regulate stablecoins, recently failed to proceed, drawing criticism from some legislators due to concerns about former President Donald Trump‘s involvement in launching a stablecoin.
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