Coinbase cryptocurrency trading platform would consider the addition of 8 new crypto-assets
Coinbase cryptocurrency trading platform would consider the addition of 8 new crypto-assets, according to a blog post published on August 5, 2019.
This new development would increase the number of cryptos supported by Coinbase to 24.
The addition of cryptocurrencies by Coinbase.
The Coinbase platform has an ambitious vision for future additions of cryptocurrency, as recalled in the statement: “The goal of Coinbase is to offer support for all assets that meet our technical standards. […] We hope that thanks to Coinbase our customers around the world will have access to 90% of the total market cap of all outstanding assets “. The additions will be grouped and determined according to the technical characteristics of the different tokens, as well as their stability.
Here are the eight altcoins that could be added by Coinbase in the months to come:
Algorand (ALGO): an open-source software company that aims to solve the blockchain trilemma, to offer a decentralized, scaled and secure virtual currency
Cosmos (ATOM): a smart-contracts platform that allows developers to create their own interoperable blockchains
Dash (DASH): an altcoin that aims to solve the problems of Bitcoin (BTC) to propose digital species
Decred (DCR): a hard fork of open source BTC that uses a hybrid consensus system between Proof of Work and Proof of Stake
Matic Network (MATIC): an ethereum-based scalability solution (ETH), which works with sidechains
Harmony (ONE): an open network-based infrastructure that supports Ethereum dApps and uses “sharding”
Ontology (ONT): a crypto from OnChain, the company behind Neo (NEO). It aims to facilitate the adoption of blockchain in existing businesses
Waves (WAVES): a platform for creating customizable tokens, it is based on the BTC blockchain
When will these new cryptos be available?
It is not yet known when these altcoins will arrive on Coinbase.
The addition could be graduated, because of the diversity of territories: “Our decision to offer support for all assets requires a long study of compliance and technical issues. […]
We can not therefore guarantee the launch or the precise launch date of the assets listed above on the products of Coinbase. “The platform should therefore add these new altcoins jurisdiction by jurisdiction.
New ads of this type should certainly flourish in the coming months as Coinbase studies new additions.
There is also a lot of competition between crypto exchanges like Binance, Huobi, Kucoin, etc…
Having more assets to trade will attract more customers to Coinbase. Being highly regulated, Coinbase cannot go as fast as Binance which is not regulated…