Coinbase Looking to Add 30 New Digital Assets




Coinbase said via its company blog today that the digital asset exchange is working with local banks and regulators to explore the feasibility of adding a further 31 digital assets to its platform, including OmiseGo (OMG), Cardano (ADA), Stellar (XLM) and Neo (NEO).

This exploration comes soon after Coinbase announced back in late September that the company’s goal was to support the trade of all regulatorily compliant digital assets that met their listing standards.

“Over time, we intend to offer our customers access to greater than 90% of all compliant digital assets by market cap. To make this vision a reality, we 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 company said that due to significant technical and compliance factors that must be evaluated, that no guarantees could be made that all named assets will ultimately be listed for trading.

The post also said that the listing process could result in some assets having limited trading functionality:

“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. Finally, as per our listing process, we will add new assets on a jurisdiction-by-jurisdiction basis, which allows us to add assets efficiently and responsibly.

Coinbase said that users could expect to see similar announcements in the future, and told customers that they can expect to see public-facing APIs and other signs of engineering work being conducted to potentially support the named assets.

The assets Coinbase are evaluating are:

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), (POE), QuarkChain (QKC), Augur (REP), Request Network (REQ), Status (SNT), Storj (STORJ), Stellar (XLM), XRP (XRP), Tezos (XTZ), and Zilliqa (ZIL).


Author: Timothy Goggin

Timothy Goggin is an economic analyst with an interest in the application of moral philosophy and decentralized systems. He studied economics at the Business School at Victoria University of Wellington, New Zealand. His area of research is the consequential and moral dimensions of implementing digital currencies and the resulting synergies for consumers in the trading environment.

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