Coinbase may add eight new tokens to its current collection on Coinbase and Coinbase Pro. And by “may add” it probably will definitely add them. Which ones?
Coinbase may add eight new tokens to its current collection on Coinbase and Coinbase Pro. And by “may add” it probably will definitely add them. Which ones?
Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws. Over time we expect our customers around the world will have access through Coinbase to at least 90% of the aggregate market cap of all digital assets in circulation.
Will these coins see a boost? Possibly, though not a major one. It used to be that Coinbase and GDAX (now Coinbase Pro) had only the top 5 coins for trading. When a new coin was listed -- it made headline news. Price increases followed.
Now, however, when new coins are listed, the price doesn’t see much of a bump. The current selection available to customers includes: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, XRP, Stellar, Zcash, 0x, Litecoin, and the Basic Attention Token.
Nevertheless, listing on a verified, secure, and most trusted exchange like Coinbase is a good thing, not just for companies but for crypto traders as well. And soon crypto traders will have even more to choose from. The Coinbase blog reads: “Coinbase’s goal is to offer support for all assets that meet our technical standards and which comply with applicable laws. Over time we expect our customers around the world will have access through Coinbase to at least 90% of the aggregate market cap of all digital assets in circulation.”
But we all know there are plenty of poorly made, poorly managed coins on the market. So will Coinbase become just another altcoin graveyard? Not really. Another Coinbase blog post reads: “The new process begins with a form for issuers to submit assets for listing at Coinbase, which we will evaluate against our digital asset framework. The application form and the digital asset framework will be regularly updated, and our form will indicate the latest version of the framework we are evaluating against.”
Before you get too excited, it’s also important to note that all these coins may not be available to everyone, including you. “Today we’re announcing a new process that will allow us to rapidly list most digital assets that are compliant with local law, by satisfying listing requests in a jurisdiction-by-jurisdiction manner. In practice, this means some new assets listed on our platform may only be available to customers in select jurisdictions for a period of time.”
Nevertheless, keep your eyes and ears open! Especially if you’re a Coinbase user.
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