Coinbase, a digital currency exchange has announced on Friday that it is considering adding 19 new cryptocurrencies and tokens. The potential coins or tokens for the listing includes Ampleforth, Flexacoin, Hedera Hashgraph, Wrapped Bitcoin, and others.
Coinbase: Cryptocurrencies Under Review
These new coins, in alphabetical order: Ampleforth, Band Protocol, Balancer, Blockstack, Curve, Fetch.ai, Flexacoin, Helium, Hedera Hashgraph, Kava, Melon, Ocean Protocol, Paxos Gold, Reserve Rights, tBTC, The Graph, THETA, UMA, and WBTC.
Coinbase also announced it would continue to explore more crypto assets and anticipates to back at least 90% of the whole market cap of all cryptocurrencies and tokens in circulation. The official Twitter account of the exchange tweeted:
The exchange further stated that its decision to approve any asset needs notable technical and permission evaluation and may be subordinate to administrative support in some jurisdictions. Therefore, the exchange cannot tell the exact time when the above-listed asset will be listed on a Coinbase product in any jurisdiction.
It seems that the current environment for the overall cryptocurrency market is improving as many cryptocurrencies are in the green zone. Just a few days ago, the global payment technology company Visa had also announced that it is going to offer Bitcoin, Ethereum, and Ripple payments. The payment giant has revealed that it has been working jointly with authorized and regulated cryptocurrency platforms like Coinbase to give a platform between cryptocurrencies and its present global network of 61 million retailers.
According to its roadmap, users of standardized platforms such as Coinbase could use Visa Direct to convert cryptocurrencies into fiat. In its announcement, VISA confirms that the arrival of Bitcoin and stablecoins like Tether are a model of business reform that has delivered gains to customers and retailers.
Nexo - Your Crypto Banking Account
Instant Crypto Credit Lines™ from only 5.9% APR. Earn up to 8% interest per year on your Stablecoins, USD, EUR & GBP. $100 million custodial insurance.
It is super easy to buy Bitcoin. Just take a look at our exchange comparison!
Trading Bitcoin is too complicated?
We highly recommend our Crypto-Starter-Kit to you!
Or are you looking for the current Bitcoin Price in USD? Look no further!
Bitcoin Price, Ethereum Price, Ripple Price
This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)
Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.
Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future.
You might also like
More from Cryptocurrency Exchanges
Bitcoin Dumps As CFTC Indicts BitMEX Founder Arthur Hayes
U.S. prosecutors have filed criminal charges citing four founders and managers of the BitMEX cryptocurrency exchange of neglecting to take …
The Top 7 Crypto Debit/Credit Cards
Crypto credit cards have pushed the adoption of cryptocurrencies as a method of payment like no other innovation. Holders of …
DeFi On Binance Smart Chain: What is BurgerSwap?
The DeFi world is full of innovations and new developments. In April 2020, Binance announced its new Binance Smart Chain. …