Coinbase Exchange is Planning to add 18 New Digital Assets

News / 11.06.2020

On June 10, the biggest crypto exchange in the U.S. noted its continuous efforts toward exploring the addition of new assets for customers worldwide, even as its focus is on offering support for all assets that meet its technical standards and which comply with applicable laws.

According to the San Francisco-based crypto exchange, it is currently reviewing the adoption of an additional 18 tokens which includes tokens yet to be launched. The firm listed the tokens as follows:

“These new assets include, in alphabetical order: Aave, Aragon, Arweave, Bancor, COMP, DigiByte, Horizen, Livepeer, NuCypher, Numerare, KEEP Network, Origin Protocol, Ren, Render Network, Siacoin*, SKALE Network, Synthetix, and VeChain. *Note that we are not currently exploring support for Siafunds.”

Coinbase is yet to announce a timeline for listing these assets as they noted that the process required remarkable technical and compliance review, together with some regulatory approval.

“Today, we are announcing our intention to explore assets that have not launched and which Coinbase may choose to support in the future. We will continue to evaluate prospective assets against our Digital Asset Framework to assess factors like security, compliance, and the project’s alignment with our mission of creating an open financial system for the world.”

The addition of the new assets will be based on jurisdiction, subject to applicable review and authorizations. The exchange said its customers can anticipate similar announcements in the future as they continue to look into the addition of several assets across the platform.

It seems Coinbase Custody, the global institutional cryptocurrency holdings arm of Coinbase, mistakenly announced stablecoin Tether (USDT) as part of the token expansion in a Tweet a few hours ago. Nevertheless, the tweet has since been deleted.

Bullish action usually follow Coinbase’s announcement of support for new digital assets. When it announced the addition of Stellar Lumen (XLM) in March last year, the token incurred about a 5.66 percent gain on the day.

Source: Crytpopress.

Born in Bucharest, Marius is the founder of Crypto Adventure. Since his first contact with Bitcoin and cryptocurrencies, he never stopped believing that they are one of the most important innovations of our time, which will forever change the way business is done.