The major cryptocurrency exchange Coinbase is exploring to list more than 30 cryptocurrencies including Ripple. The California-based exchange will list numerous cryptocurrencies in the future, including dai, mana, and neo. The crypto exchange will be working with local financial institutions and regulators to add them in as many domains as viable.
The official blog of Coinbase announced that
We are continuing to explore the addition of new assets, and will be working with local banks and regulators to add them in as many jurisdictions as possible
Coinbase Exploring 30 New Cryptocurrencies Image Source: Coinbase Blog
In the month of September 2018, Coinbase had announced its new asset listing process. The company had stated that its goal is to quickly list all assets that satisfy its criteria and are acquiescent with bounded law while giving its clients with the accessories to identify, assess, trade, and utilize digital assets.
Coinbase is currently assessing the planned assets against its Digital Asset Framework to evaluate constituents like security, compliance, and the project’s alignment with its mission of building a public commercial system for the world.
The announcement stated that
Initially there will be no application fee. Depending on the volume of submissions, we reserve the right to impose an application fee in the future to defray the legal and operational costs associated with evaluating and listing new assets.
List of cryptocurrencies Coinbase is Exploring
The following is the list of cryptocurrencies Coinbase is exploring:
Cardano (ADA), Aeternity (AE), Aragon (ANT), Bread Wallet (BRD), Civic (CVC), Dai (DAI), district0x (DNT), EnjinCoin (ENJ), EOS (EOS), Golem Network (GNT), IOST (IOST), Kin (KIN), Kyber Network (KNC), ChainLink (LINK), Loom Network (LOOM), Loopring (LRC), Decentraland (MANA), Mainframe (MFT), Maker (MKR), NEO (NEO), OmiseGo (OMG), Po.et (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT), Storj (STORJ), Stellar (XLM), XRP (XRP), Tezos (XTZ), and Zilliqa (ZIL).
The company further stated that listing new assets demands vital exploratory operation from both a technical and acquiescence viewpoint. The crypto exchange further noted that it cannot ensure that all the assets that the company is exploring will eventually be listed for trading. Moreover, their listing method may produce in some of these assets being listed only for clients to buy and sell, without the capability to send or receive utilizing a local wallet.
The official blog further elaborated that consumers may notice public-facing APIs and other indications due to the company’s engineering work to conceivably support these assets. It further stated that the company cannot commit to when or whether these assets will become available. The updates and further actions will be published on the official Coinbase Blog and Twitter.
ERC-20 Token
Just a few days ago, On November 2, 2018, the company had announced that it would be blending assistance for Basic Attention Token (BAT), an ERC-20 token that is devised to operate with the privacy-focused Brave Browser, on CoinbasePro. Basic Attention Token (BAT) is an open-source, decentralized ad exchange platform based on Ethereum. The platform is integrated with the Brave web browser. According to its website, Basic Attention Token basically develops the performance of digital promotion by building a new token that can be exchanged between businessmen, dealers, and users.
The announcement further said that the exchange platform will take deposits for at least 12 hours prior to allow trading. Once adequate liquidity is settled, trading on the BAT/USDC order book will begin. Clients may transform their USD to USDC with one click within the Pro interface. BAT trading will be available for users in most jurisdictions, but will not originally be available for citizens of the state of New York.
Disclaimer: This information should not be interpreted as an endorsement of any cryptocurrency. It is not a recommendation to trade. The crypto market is full of surprises and overhyped assets. Do your research before buying anything. Do not invest more than you can afford to lose.
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