Christmas might just have come early for Coinbase users, as Coinbase, the poster child for cryptocurrency exchanges, is considering adding more cryptocurrencies to its already existing trading lists.
As per their recent Medium blog, Coinbase stated that it is considering adding assets like XRP, Cardano [ADA], EOS, Ziliqa [ZIL], and others.
The blog stated:
“As we announced in September, Coinbase’s goal is to offer support for all assets that meet our standards and are fully compliant with local law. Over time, we intend to offer our customers access to greater than 90% of all compliant digital assets by market cap.”
The assets which are to be listed on Coinbase will be evaluated against their Digital Asset Framework to check if the assets fall under the regulatory framework.
However, the blog also stated that it would consume a lot of time and effort to run background checks and add these assets to their trading list, and made it clear that not all the assets mentioned would make it to the final list.
Furthermore, the blog stated:
“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.”
It also noted that some of the assets would be available everywhere, while some of them could be restricted to certain areas due to the laws pertaining to the particular digital assets in that area/city.
The cryptocurrency community seemed excited about the Coinbase announcement on Twitter, to add about 30 digital assets.
A Twitter user intelliBrain replied:
“Finally I can see beautiful green grass on the other side of the fence – and $xrp ! #xrp #ripple #xrpthestandard”
Another user [email protected] commented:
You should already have add the number 2 and soon the number 1 currency. The most decentalised currency you can buy. What ‘s keeping you up??”
Subscribe to AMBCrypto’s Newsletter
Follow us on Telegram | Twitter | Facebook