Coinbase, one of the largest crypto exchanges, is reviewing more than 30 new coins for its platform.
The platform notes that it is continuously fulfilling one of its main objectives — to support all coins which are compliant with its rules and policies and local law. The aim is to cover more than 90% of all compliant digital assets by market cap should they meet the criteria, for example, security, outlined in its Digital Asset Framework.
Currently, the Coinbase team is looking to add 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), Tezos (XTZ), and Zilliqa (ZIL). And Ripple (XRP) which is, arguably, the most long-awaited coin.
It is important to note that reviewal does not ensue automatic acceptance. However, XRP fans are getting excited, especially since Coinbase Custody successfully added it in mid-November.
“Adding new assets requires significant exploratory work from both a technical and compliance standpoint, and we cannot guarantee that all the assets we are evaluating will ultimately be listed for trading. Furthermore, our listing process may result in some of these assets being listed solely for customers to buy and sell, without the ability to send or receive using a local wallet,” Coinbase explains. It also notes that the company’s listing process envisages adding new assets “on a jurisdiction-by-jurisdiction basis.”
The final decision on these coins will be announced via the Coinbase Blog and Twitter. The team also emphasizes that crypto enthusiasts should expect new announcements from the team “about exploring the addition of multiple assets. Some of these assets may become available everywhere, while others may only be supported in specific jurisdictions.”
Previously Coinbase confirmed that it will list the Basic Attention Token (BAT) on Coinbase Pro, Ethereum Classic (ETC), ZRX (0X), and USD Coin (USDC). BAT was made available on the platform at the beginning of November.
Besides, in late October the exchange announced that it closed a $300 million Series E funding round led by Tiger Global Management — funds which will be used for listing hundreds of cryptocurrencies and lay the groundwork to support thousands in the future which are likely the ones being examined at the moment.