Coinbase is Considering Adding 19 New Coins

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.

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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:

Coinbase is exploring the addition of 19 new digital assets, some are live, some are not. We will evaluate each against our Digital Asset Framework. It’s our goal to offer support for all assets that meet our standards and are compliant with local law. https://t.co/YY9pbMci66
— Coinbase (@coinbase) July 31, 2020

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.

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#coinbase #Crypto Exchange #cryptocurrency

Posted By

Prasanna

Prasanna is the editor-in-chief of CryptoTicker English. He has a huge knowledge of the cryptocurrency market. He is an extremely accomplished technical analyst having vast experience in the crypto domain.